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  • MPI Ethno. Forsch.  (4,167)
  • 2010-2014  (4,054)
  • 1980-1984  (106)
  • 1965-1969  (7)
  • Paris : OECD Publishing  (3,786)
  • Rotterdam : SensePublishers  (381)
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  • 1
    Online Resource
    Online Resource
    The Stringency of Environmental Regulations and Trade in Environmental Goods (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: Online-Ressource (69 p.)
    Series Statement: OECD Trade and Environment Working Papers no.2014/03
    Keywords: Environment ; Trade ; Arbeitspapier ; Graue Literatur
    Abstract: This report assesses conceptually and empirically the extent to which the stringency of environmental regulations drives international trade in environmental goods. Many of the measures governments adopt to address issues such as local air and water pollution or GHG emissions take the form of regulations that aim to change the behaviour of firms or households. Compliance by private actors with those regulations in turn generates a growing market for environmental goods and services that is increasingly international in scope as more countries tighten their environmental regulations. Regulatory stringency thus spurs the development of a market for a whole range of equipment specifically meant for preventing and abating pollution, with important implications for international trade in such equipment. The different indicators of regulatory stringency considered in the present analysis generally support the notion that the stringency of environmental regulations positively affects countries’ specialisation in environmental products, even when considering specific sectors such as solid-waste management or wastewater treatment. While increased trade in environmental products is not an end in itself, the environmental benefits this entails can contribute to global improvements in environmental quality. By increasing demand for environmental products and technologies, environmental policy can complement trade policy in supporting pollution-reduction efforts not just domestically, but also abroad.
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    DOI: 10.1787/5jxrjn7xsnmq-en
    URL: Volltext
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  • 2
    Online Resource
    Online Resource
    Biobased chemicals and bioplastics : finding the right policy balance (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 1 Online-Ressource (circa 96 Seiten) , Illustrationen
    Series Statement: OECD science, technology and industry policy papers no. 17
    Keywords: Environment ; Science and Technology ; Industry and Services ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: As OECD countries emerge from the global financial crisis, several countries have published their plans for the development of a future bioeconomy, an economy in which bio-based materials and production techniques will contribute significantly to economic and environmental sustainability. Such plans typically involve building a bio-based production industry in which fuels, energy and materials such as chemicals and plastics, almost always generated from fossil resources such as oil and natural gas, are incrementally replaced by equivalent or novel products generated from renewable resources. The realisation of this vision will require sustainably harnessing the vast biomass resource. The highest policy priorities at present are on several levels: allowing bio-based materials to compete for biomass on price with bioelectricity and biofuels; rectifying the highly distorting fossil fuel subsidies, heading off future competition for crude oil demand; and correcting for any excessive regulatory impacts. If governments wish to realise a successful bioeconomy in the future, the case for support for bio-based chemicals and plastics warrants serious attention.
    DOI: 10.1787/5jxwwfjx0djf-en
    URL: Volltext  (lizenzpflichtig)
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  • 3
    Online Resource
    Online Resource
    Greening Household Behaviour and Waste (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: Online-Ressource (42 p.)
    Series Statement: OECD Environment Working Papers no.76
    Keywords: Privater Haushalt ; Abfallvermeidung ; Kreislaufwirtschaft ; Umweltbewusstsein ; Ökonometrie ; Environment ; Arbeitspapier ; Graue Literatur
    Abstract: This report focusses on the determinants of household waste generation, the separation of recyclables and waste prevention behaviours. It presents the econometric results of follow-up analysis of the 2011 OECD Survey on Environmental Policy and Individual Behaviour Change (EPIC). This report complements the overview of the survey data provided in the publication « Greening Household Behaviour: Overview from the 2011 Survey - Revised edition » (2014)...
    Note: Zsfassung in franz. Sprache , Systemvoraussetzungen: PDF Reader.
    DOI: 10.1787/5jxrclmxnfr8-en
    URL: Volltext
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  • 4
    Online Resource
    Online Resource
    What an inclusive recovery needs is more, and better, jobs (2014)
    Paris : OECD Publishing
    In:  OECD Observer
    Details
    Language: English
    Pages: 1 Online-Ressource (4 p.)
    Titel der Quelle: OECD Observer
    Keywords: Employment
    DOI: 10.1787/9297e1a3-en
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  • 5
    Online Resource
    Online Resource
    Workshop on integrating omics and policy for healthy ageing : synthesis report (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 1 Online-Ressource (circa 21 Seiten) , Illustrationen
    Series Statement: OECD science, technology and industry policy papers no. 12
    Keywords: Social Issues/Migration/Health ; Science and Technology ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: The increase in the human life span is a testament to the economic, social and medical progress made over the course of the last century. However, an ageing population brings some new challenges both to healthcare systems and to medicine in terms of the increased manifestation of specific diseases primarily seen in the elderly. Biomedical innovation, and in particular research into “omics technologies”, offers the promise of new means of detection, prevention and treatment of age-related disabilities and diseases. But the development of these new technologies will not be without challenges, in particular with respect to the difficulty of translating technological advances into innovation in the clinical setting. This report provides a synthesis of a March 2013 workshop organised by the OECD and the Human Genome Organisation (HGO) which focused on latest advances in omics technologies for healthy ageing and the policies and practices needed to facilitate their responsible development and integration in medical research, innovation and health policy.
    DOI: 10.1787/5jzb0z52dc5c-en
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  • 6
    Online Resource
    Online Resource
    Evaluation of industrial policy : methodological issues and policy lessons (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 1 Online-Ressource (circa 86 Seiten) , Illustrationen
    Series Statement: OECD science, technology and industry policy papers no. 16
    Keywords: Science and Technology ; Industry and Services ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Industrial policy, broadly defined, covers a multitude of policy instruments and approaches. While there has been a recent revival of interest in industrial policy around the world, systematic evidence of efficacy is relatively scarce. This report brings together the work of an OECD expert group that has considered recent evidence from the evaluation of industrial policy. The report focuses on three specific policy areas, namely: support for R&D; capital market interventions (with a focus on risk capital); and public procurement for innovation. The report also examines three areas where packages of industrial policy measures are generally applied: sector approaches including public-private partnerships; policies towards clusters and business networks; and national industrial strategies. In many areas of industrial policy, evaluation faces particular methodological challenges. These challenges are outlined in the report, which concludes by drawing together the main policy lessons from the available evaluation evidence.
    DOI: 10.1787/5jz181jh0j5k-en
    URL: Volltext  (lizenzpflichtig)
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  • 7
    Online Resource
    Online Resource
    New investment approaches for addressing social and economic challenges (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 1 Online-Ressource (circa 41 Seiten) , Illustrationen
    Series Statement: OECD science, technology and industry policy papers no. 15
    Keywords: Science and Technology ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper aims to provide an introduction to and overview of the social investment market for policy makers in OECD and non-OECD countries. Social investment is the provision of finance to organisations with the explicit expectation of a social, as well as financial, return. Social investment has become increasingly relevant in today’s economic environment as social challenges have mounted while public funds in many countries are under pressure. New investment approaches are needed for addressing social and economic challenges, including new models of public and private partnership which can fund, deliver and scale innovative solutions from the ground up.
    DOI: 10.1787/5jz2bz8g00jj-en
    URL: Volltext  (lizenzpflichtig)
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  • 8
    Online Resource
    Online Resource
    OECD Skills Strategy Diagnostic Report: Austria 2014 (2014)
    Paris : OECD Publishing
    Details
    ISBN: 9789264300255
    Language: English
    Pages: Online-Ressource (172 p.)
    Series Statement: OECD skills strategy diagnostic report
    Series Statement: OECD Skills Studies
    Keywords: Qualifikation ; Bildungswesen ; Bildungspolitik ; Weiterbildung ; Österreich ; Education ; Employment ; Austria ; Graue Literatur
    Abstract: Skills are central to Austria’s future prosperity and the well-being of its people. The OECD Skills Strategy Diagnostic Report: Austria identifies 14 skills challenges for Austria. The project and this report build on both the insights from workshops as well as latest international comparative analysis from OECD and national sources. The report provides cases illustrating how other countries have tackled similar challenges, which can be used as input to potential policy options on how to tackle these challenges. The challenges are described under each of the main pillars of the OECD Skills Strategy. The first 11 challenges refer to specific outcomes across the three pillars of developing, activating and using skills. The next three challenges refer to the “enabling” conditions which strengthen the overall skills system. Success in tackling these skills challenges will boost performance across the whole skills system.
    DOI: 10.1787/9789264300255-en
    URL: Volltext
    URL: Volltext  (lizenzpflichtig)
    URL: Volltext  (lizenzpflichtig)
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  • 9
    Online Resource
    Online Resource
    Energy Policy Highlights : In-Depth Energy Policy Reviews (IDRs) of 21st Century (2014)
    Paris : OECD Publishing
    Details
    ISBN: 9789264200630
    Language: English
    Pages: Online-Ressource (114 p.)
    Series Statement: Energy Policies of IEA Countries
    Keywords: Energiepolitik ; Energieeinsparung ; Energieforschung ; Welt ; Energy
    Abstract: Energy Policy Highlights showcases what the 28 IEA member countries identified as key recent developments in their energy policies. Each country contribution covers a range of energy-related topics, with best practices and policy examples from their respective governments, including objectives, characteristics, challenges and successes, and shared lessons. Each contribution underscores the changing nature of both global and domestic energy challenges, as well as the commonality of energy concerns among member countries. For example, many of the policies highlighted identify an urgent need to reduce greenhouse gas (GHG) emissions as a clear objective. Electricity, enhancing energy efficiency and increasing the share of renewables in the energy mix in a cost effective manner are likewise areas of common focus. Overall, the energy concerns reflect key areas of focus for the IEA – energy security, environmental protection and economic development. On the end-user side, increasing public awareness of domestic energy policies through improved transparency and engagement is an important facet of policy support among IEA member countries. The successful implementation of policies and other initiatives benefitted from efforts to inform the public. The IEA hopes that Energy Policy Highlights will provide a useful point of reference and dialogue for the 2013 IEA Ministerial, and will help advance the Agency’s well-established practice of co-operation and worldwide engagement through the sharing of experiences, best practices and lessons learned, among IEA member countries and partner countries alike.
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    DOI: 10.1787/9789264200630-en
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  • 10
    Online Resource
    Online Resource
    Social Media Use by Governments : A Policy Primer to Discuss Trends, Identify Policy Opportunities and Guide Decision Makers (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: Online-Ressource (72 p.)
    Series Statement: OECD Working Papers on Public Governance no.26
    Keywords: Politische Kommunikation ; Social Web ; Welt ; Governance ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This working paper takes a comparative snapshot of social media use in and by OECD governments. The focus is on government institutions, as opposed to personalities, and how they manage to capture the opportunities of new social media platforms to deliver better public services and to create more open policy processes. The analysis is based on a large amount of empirical data, including a survey of OECD governments on policies and objectives in this area. Major challenges are discussed, notably those related to the uncertainty of institutions on how to best leverage social media beyond “corporate” communications. The paper proposes tools to guide decision makers: a checklist of issues to be considered by government institutions, a set of potential indicators to appraise impacts, and a range of options for more in-depth policy analysis.
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    DOI: 10.1787/5jxrcmghmk0s-en
    URL: Volltext
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  • 11
    Online Resource
    Online Resource
    Modelling Adaptation to Climate Change in Agriculture (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: Online-Ressource (58 p.)
    Series Statement: OECD Food, Agriculture and Fisheries Papers no.70
    Keywords: Klimawandel ; Agrarproduktion ; Anpassung ; Bewässerung ; OECD-Staaten ; Agriculture and Food ; Environment ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper investigates how climate change can affect agricultural production and proposes some adaptation measures that could be undertaken to mitigate the negative effects of climate change while enhancing the positive ones. The paper stresses the importance of planned adaptation measures and highlights possible strategies for reducing risk and improving resilience. To quantify the possible effects of climate change and the effects of adaptation measures this study uses the International Model for Policy Analysis of Agricultural Commodities and Trade (IMPACT). The analysis first explores the potential effects of climate change on yields and prices. It then goes on to analyse the potential impacts of two distinctive sets of adaptation strategies on yields, prices, and food security, namely: i) research and development (to develop new crop varieties that are better suited to changed climate conditions) and ii) changes in irrigation technology. Last, the analysis in this paper estimates the public and private investment needs in research and development (R&D) for developing new crop varieties, and further develops estimates of the cost of improving irrigation technologies in OECD countries.
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    DOI: 10.1787/5jxrclljnbxq-en
    URL: Volltext
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  • 12
    Online Resource
    Online Resource
    Trends in Income Inequality and its Impact on Economic Growth (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: Online-Ressource (65 p.)
    Series Statement: OECD Social, Employment and Migration Working Papers no.163
    Keywords: Einkommensverteilung ; Soziale Ungleichheit ; Wirtschaftswachstum ; OECD-Staaten ; Employment ; Social Issues/Migration/Health ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: In most OECD countries, the gap between rich and poor is at its highest level since 30 years. Today, the richest 10 per cent of the population in the OECD area earn 9.5 times the income of the poorest 10 per cent; in the 1980s this ratio stood at 7:1 and has been rising continuously ever since. However, the rise in overall income inequality is not (only) about surging top income shares: often, incomes at the bottom grew much slower during the prosperous years and fell during downturns, putting relative (and in some countries, absolute) income poverty on the radar of policy concerns. This paper explores whether such developments may have an impact on economic performance. Drawing on harmonised data covering the OECD countries over the past 30 years, the econometric analysis suggests that income inequality has a negative and statistically significant impact on subsequent growth. In particular, what matters most is the gap between low income households and the rest of the population. In contrast, no evidence is found that those with high incomes pulling away from the rest of the population harms growth. The paper also evaluates the “human capital accumulation theory” finding evidence for human capital as a channel through which inequality may affect growth. Analysis based on micro data from the Adult Skills Survey (PIAAC) shows that increased income disparities depress skills development among individuals with poorer parental education background, both in terms of the quantity of education attained (e.g. years of schooling), and in terms of its quality (i.e. skill proficiency). Educational outcomes of individuals from richer backgrounds, however, are not affected by inequality. It follows that policies to reduce income inequalities should not only be pursued to improve social outcomes but also to sustain long-term growth. Redistribution policies via taxes and transfers are a key tool to ensure the benefits of growth are more broadly distributed and the results suggest they need not be expected to undermine growth. But it is also important to promote equality of opportunity in access to and quality of education. This implies a focus on families with children and youths – as this is when decisions about human capital accumulation are made -- promoting employment for disadvantaged groups through active labour market policies, childcare supports and in-work benefits.
    Note: Zsfassung in franz. Sprache , Systemvoraussetzungen: Acrobat Reader.
    DOI: 10.1787/5jxrjncwxv6j-en
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  • 13
    Online Resource
    Online Resource
    Estimating shadow prices of pollution in selected OECD countries (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 1 Online-Ressource (circa 33 Seiten) , Illustrationen
    Series Statement: OECD green growth papers 2014, 02
    Keywords: Environment ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Now that pollution is reaching worrisome levels in some countries and at the global level, there is a growing consensus that it needs to be explicitly considered as a by-product of the production process and incorporated in economic decisions. But this is not easy in the absence of markets and observable prices. Shadow prices of pollution, the opportunity cost of abating pollution in the form of reduced output, have to be estimated using specific techniques and serve several purposes. It’s a signal firms have to take into consideration when they decide upon their investment decisions. Shadow prices can also inform policymakers when they set policies. They can be used to assess policy ex ante by comparing the marginal benefits of environment policies with the cost they involve for private firms. These prices can be seen as benchmark for allowance price in emission market-based schemes or can be useful in designing optimal environmental tax schemes. The indicator can also be used ex post and can be considered as a policy indicator of pollution regulation and compliance to these regulations. More generally such prices are used each time there is a need to value pollution...
    DOI: 10.1787/5jxvd5rnjnxs-en
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  • 14
    Online Resource
    Online Resource
    Income Inequality, Urban Size and Economic Growth in OECD Regions (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: Online-Ressource (34 p.)
    Series Statement: OECD Regional Development Working Papers no.2014/10
    Keywords: Einkommensverteilung ; Stadtwachstum ; Stadtgröße ; Regionales Wachstum ; OECD-Staaten ; Urban, Rural and Regional Development ; Arbeitspapier ; Graue Literatur
    Abstract: The purpose of this paper is to understand how income inequality is associated with economic growth in OECD regions and whether the degree and type of urban concentration affects this relationship. Both income inequality and urban concentration can be seen as patterns of resource allocation that are particularly interlinked at the regional level. We combine household survey data and macroeconomic databases, covering a period ranging from 2004 to 2012 for comparable regions in 15 OECD countries. Econometric results show that, at least for the short period under consideration, there is a general negative association between inequalities and economic growth, especially since the start of the economic crisis. This relationship is sensitive to the type of urban structure. Higher inequalities seem to be more detrimental for growth in large cities, while regions characterised by small cities and rural areas are less affected.
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    DOI: 10.1787/5jxrcmg88l8r-en
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  • 15
    Online Resource
    Online Resource
    Monitoring and Evaluation of Climate Change Adaptation : Methodological Approaches (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: Online-Ressource (42 p.)
    Series Statement: OECD Environment Working Papers no.74
    Keywords: Klimapolitik ; Politikfeldanalyse ; Lernen ; Environment ; Arbeitspapier ; Graue Literatur
    Abstract: This paper explores methodological approaches that can be used to monitor and evaluate climate change adaptation initiatives at the projects and programme levels. It examines approaches that have been used in other areas of development practice to see what lessons have been learned that can inform the development of monitoring and evaluation frameworks targeted at adaptation. The paper focuses on three methodological challenges related to monitoring and evaluation that are particularly relevant for adaptation: i) assessing attribution, ii) establishing baselines and targets, and iii) dealing with long time horizons. The paper also considers the importance of on-going learning in evaluation and the benefit of applying a comprehensive approach to monitoring and evaluation, building on tested practices from participatory methods and social sciences techniques.
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    DOI: 10.1787/5jxrclr0ntjd-en
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  • 16
    Online Resource
    Online Resource
    Antimicrobial Resistance : The Use of Antimicrobials in the Livestock Sector (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 1 Online-Ressource (44 p) , 21 x 29.7cm
    Edition: Online-Ressource Online-Ausg; [Online-Ausg.]
    Edition: Online-Ausg.:
    Series Statement: OECD Food, Agriculture and Fisheries Papers no.68
    Note: Online-Ausg.: , Online-Ausg; [Online-Ausg.]
    DOI: 10.1787/5jxvl3dwk3f0-en
    URL: http://dx.doi.org/10.1787/5jxvl3dwk3f0-en
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  • 17
    Online Resource
    Online Resource
    Fertiliser and Biofuel Policies in the Global Agricultural Supply Chain : Implications for Agricultural Markets and Farm Incomes (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 1 Online-Ressource (81 p) , 21 x 29.7cm
    Edition: Online-Ressource Online-Ausg; [Online-Ausg.]
    Edition: Online-Ausg.:
    Series Statement: OECD Food, Agriculture and Fisheries Papers no.69
    Note: Online-Ausg.: , Online-Ausg; [Online-Ausg.]
    DOI: 10.1787/5jxsr7tt3qf4-en
    URL: http://dx.doi.org/10.1787/5jxsr7tt3qf4-en
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  • 18
    Online Resource
    Online Resource
    Food Losses and Food Waste in China : A First Estimate (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 1 Online-Ressource (30 p) , 21 x 29.7cm
    Edition: Online-Ressource Online-Ausg; [Online-Ausg.]
    Edition: Online-Ausg.:
    Series Statement: OECD Food, Agriculture and Fisheries Papers no.66
    Note: Online-Ausg.: , Online-Ausg; [Online-Ausg.]
    DOI: 10.1787/5jz5sq5173lq-en
    URL: http://dx.doi.org/10.1787/5jz5sq5173lq-en
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  • 19
    Online Resource
    Online Resource
    Adjusting productivity for pollution in selected Asian economies (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 1 Online-Ressource (circa 28 Seiten) , Illustrationen
    Series Statement: OECD green growth papers 2014, 01
    Series Statement: Cities and regions
    Keywords: Environment ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Multifactor productivity (MFP) is increasingly used in economic policy, not least to compute potential output. Most measures are based on a standard production function combining labour and capital, but do not incorporate the negative by-products of the production process such as air pollution that could have deleterious effect on health and productivity in the medium to long term (see for instance OECD (2014)). The failure to account for the costs of environmental damages and the benefits associated with emission reduction impart a bias to standard measures of MFP. Ignoring these dimensions can give a misleading idea of growth prospects over the medium to long term...
    DOI: 10.1787/5jxvd5rq5lzv-en
    URL: Volltext
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  • 20
    Online Resource
    Online Resource
    Intelligent demand : policy rationale, design and potential benefits (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 1 Online-Ressource (circa 57 Seiten) , Illustrationen
    Series Statement: OECD science, technology and industry policy papers no. 13
    Keywords: Science and Technology ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Policy interest in demand-side initiatives has grown in recent years. This may reflect an expectation that demand-side policy could be particularly effective in steering innovation to meet societal needs. In addition, owing to constrained public finances in most OECD countries, the possibility that demand-side policies might be less expensive than direct support measures is attractive. Interest may also reflect some degree of disappointment with the outcomes of traditional supply-side measures. This paper reviews demand-side innovation policies, their rationales and importance across countries, different approaches to their design, the challenges entailed in their implementation and evaluation, and good practices. Three main forms of demand-side policy are considered: innovation-oriented public procurement, innovation-oriented regulations, and standards. Emphasis is placed on innovation-oriented public procurement.
    DOI: 10.1787/5jz8p4rk3944-en
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  • 21
    Online Resource
    Online Resource
    Food Waste Along the Food Chain (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: Online-Ressource (29 p.)
    Series Statement: OECD Food, Agriculture and Fisheries Papers no.71
    Keywords: Lebensmittel ; Lieferkette ; Abfallvermeidung ; Kommunale Abfallwirtschaft ; Öffentlichkeitsarbeit ; Datenerhebung ; OECD-Staaten ; Agriculture and Food ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Reducing food losses and food waste is attracting growing public attention at the international, regional, and national levels, and is widely acknowledged to contribute to abating interlinked sustainability challenges such as food security, climate change, and water shortage. However, the pattern and scale of food waste throughout the supply chain remains poorly understood, despite growing media coverage and public concerns in recent years. This paper takes stock of available data on food waste and explores policies related to food waste in OECD countries.
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    DOI: 10.1787/5jxrcmftzj36-en
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  • 22
    Online Resource
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    Greening Household Behaviour : Overview of Results from Econometric Analysis and Policy Implications (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: Online-Ressource (34 p.)
    Series Statement: OECD Environment Working Papers no.79
    Keywords: Umweltpolitik ; Umweltbewusstsein ; Haushaltsstatistik ; Ökonometrie ; Australien ; Kanada ; Chile ; Frankreich ; Israel ; Japan ; Korea ; Niederlande ; Spanien ; Schweden ; Schweiz ; Environment ; Arbeitspapier ; Graue Literatur
    Abstract: The second round of the OECD Survey on Environmental Policy for Individual Behaviour Change (EPIC) was implemented in 2011. A publication providing an overview of the survey data from over 12 000 households in eleven countries (Australia, Canada, Chile, France, Israel, Japan, Korea, the Netherlands, Spain, Sweden and Switzerland) is available.1 Follow-up econometric analyses were conducted in each of the thematic areas covered (energy, food, transport, waste and water), as well as on cross-domain comparisons in environmental attitudes and behaviours.2 This report presents a synthesis of main results from econometric analysis using the data from the 2011 EPIC survey, as well as policy implications.
    Note: Zsfassung in franz. Sprache , Systemvoraussetzungen: PDF Reader.
    DOI: 10.1787/5jxrcllt1kq5-en
    URL: Volltext
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  • 23
    Online Resource
    Online Resource
    Greening Household Behaviour and Transport (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: Online-Ressource (42 p.)
    Series Statement: OECD Environment Working Papers no.77
    Keywords: Privater Haushalt ; Nachhaltige Mobilität ; Umweltbewusstsein ; Zahlungsbereitschaftsanalyse ; Environment ; Arbeitspapier ; Graue Literatur
    Abstract: This report focuses on personal transport choices. It presents the results of follow-up analysis of the 2011 OECD Survey on Environmental Policy and Individual Behaviour Change (EPIC) survey where econometric techniques are applied. The report complements the overview of the survey data provided in the publication OECD (2014). The objective of the analysis is to understand the determinants of household choices in the following areas: the use of alternative modes of transportation car ownership, willingness-to-pay for an electric vehicles and the relative importance of environmental factors when buying a car. The results indicate that the choice of non-motorized modes of transportation is strongly correlated with the proximity of the destination and that attitudinal variables play only a minor role. The same is true for the use of public transport. Households that say that they trust information about environmental impact of products, are better educated about impact of private transport and are in favour of government actions to reduce CO2, tend to have a higher willingness to pay for electric vehicles.
    Note: Zsfassung in franz. Sprache , Systemvoraussetzungen: PDF Reader.
    DOI: 10.1787/5jxrclmd0gjb-en
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  • 24
    Online Resource
    Online Resource
    Green Development Co-Operation in Zambia : An Overview (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: Online-Ressource (48 p.)
    Series Statement: OECD Green Growth Papers no.2014/03
    Keywords: Environment ; Zambia ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Embracing green growth can secure strong, stable and sustainable development. Green growth recognises and integrates the value of natural capital into economic decision-making and development planning, which is critical to avoid natural capital depletion, the worst of climate change and social and national security risks (OECD, 2013). This is particularly true for developing countries, because of their dependence on natural assets and acute exposure and vulnerability to environmental risks, ranging from air, water and soil pollution, as well as natural resource scarcity and extreme weather events exacerbated by climate change. A green growth policy framework recognises and aims to address both micro- and macro-level pressures that countries face to grow their economies, while also managing environmental risks. In poorer developing countries, micro-level pressures may include lack of access to basic services such as shelter, fuel, water; while macro-level pressures are threats to stable livelihoods due to...
    DOI: 10.1787/5js6b25c2r5g-en
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  • 25
    Online Resource
    Online Resource
    Urban Green Growth in Dynamic Asia : A Conceptual Framework (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: Online-Ressource (80 p.)
    Series Statement: OECD Regional Development Working Papers no.2014/12
    Keywords: Klimawandel ; Stadtentwicklung ; Städtische Flächennutzung ; Wasserversorgung ; Kommunale Verkehrspolitik ; Energieversorgung ; Abfallwirtschaft ; Vergleich ; Nachhaltige Entwicklung ; OECD-Staaten ; Asien ; Environment ; Urban, Rural and Regional Development ; Arbeitspapier ; Graue Literatur
    Abstract: The development of Asian cities is characterised by rapid and continuous urbanisation on an unprecedented scale, with rapid economic growth led in most places by the manufacturing industry, and rapidly increasing motorisation. The result has been escalating greenhouse gas emissions, sprawling urban development and local environmental impacts, as well as disparities in income, education levels and job opportunities in the urban population. These trends differ sharply from those in most of the OECD area and call for a green growth model that differs from those identified in previous OECD studies and that addresses the specific circumstances of Asian cities. This paper proposes an analytical framework for assessing policies for green growth in rapidly growing cities in the emerging world. It builds on Cities and Green Growth: A Conceptual Framework (Hammer et al., 2011) and is adapted to the urban policy context of dynamic Asia. Its three main elements are: i) identification of the key policy strategies for urban green growth in fast-growing Asian cities, highlighting similarities to and differences from OECD cities; ii) opportunities for green growth; and iii) enabling strategies for implementing urban green growth.
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    DOI: 10.1787/5js7svlw8m0x-en
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  • 26
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    The dynamics of employment growth : new evidence from 18 countries (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 1 Online-Ressource (circa 96 Seiten) , Illustrationen
    Series Statement: OECD science, technology and industry policy papers no. 14
    Keywords: Employment ; Science and Technology ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Motivated by the ongoing interest of policy makers in the sources of job creation, this paper presents results from a new OECD project on the dynamics of employment (DynEmp) based on an innovative methodology using firm-level data (i.e. national business registers or similar sources). It demonstrates that among small and medium sized enterprises (SMEs), young firms play a central role in creating jobs, whereas old SMEs tend to destroy jobs. This pattern holds robustly across 17 OECD countries and Brazil, extending recent evidence found in the United States. The paper also shows that young firms are always net job creators throughout the business cycle, even during the financial crisis. During the crisis, entry and post-entry growth by young firms were affected most heavily, although downsizing by old firms was responsible for most job losses. The results also highlight large cross-country differences in the growth potential of young firms, pointing to the role played by national policies in enabling successful firms to create jobs.
    DOI: 10.1787/5jz417hj6hg6-en
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  • 27
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    Coping with fiscal risk : Analysis and practice (2014)
    Paris : OECD Publishing
    In:  OECD Journal on Budgeting Vol. 14, no. 1, p. 47-71 | volume:14 | year:2014 | number:1 | pages:47-71
    Details
    Language: English
    Pages: Online-Ressource (25 p.)
    Titel der Quelle: OECD Journal on Budgeting
    Angaben zur Quelle: Vol. 14, no. 1, p. 47-71
    Angaben zur Quelle: volume:14
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:47-71
    Keywords: Finance and Investment ; Governance
    Abstract: Against the background of the recent financial crisis that in many countries metastasised into significant fiscal stress, this article reviews the analysis, management and mitigation of fiscal risks. On the basis of the classification of specific, general and systemic types, fiscal risks have been estimated directly, and more recently, through sensitivity tests on baseline macro-fiscal projections. Although still at an experimental stage, valuable insights have been gained for implementation of various stochastic methods. The article draws a number of lessons for improved management and mitigation of fiscal risks from a recent OECD survey of country practices. This suggests scope for improvement on a number of fronts: disclosure and estimation of risks; assignment of such tasks within the public sector; adoption of various insurance schemes; building special-purpose reserves; and enacting well-designed fiscal rules, along with effective no-bailout provisions. At the policy level, it is necessary to adopt a countercyclical policy stance especially during economic booms; to enforce transparent accounting and forecasting practices; and where necessary, to undertake structural reform in key areas. An additional overarching lesson from the financial crisis is the need to assess and prevent systemic fiscal risk through close co-ordination with an independent macroprudential supervisory authority. JEL classification: H5, H12, H41 Keywords: Fiscal risk, fiscal rules, countercyclical policy, systemic risk, stochastic methods
    DOI: 10.1787/budget-14-5jxrgssdqnlt
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  • 28
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    The abuse and misuse of the term "Austerity" Implications for OECD countries (2014)
    Paris : OECD Publishing
    In:  OECD Journal on Budgeting Vol. 14, no. 1, p. 109-122 | volume:14 | year:2014 | number:1 | pages:109-122
    Details
    Language: English
    Pages: Online-Ressource (14 p.)
    Titel der Quelle: OECD Journal on Budgeting
    Angaben zur Quelle: Vol. 14, no. 1, p. 109-122
    Angaben zur Quelle: volume:14
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:109-122
    Keywords: Finance and Investment ; Governance
    Abstract: Austerity has become a widely used term in economic research and popular media as many countries have recently implemented deficit reduction policies. This article begins by exploring definitions of austerity used in research and the ways these different definitions impact analysis of policy effects. The article then takes into account a number of factors that can affect the outcome of these so-called austerity measures, including economic conditions, time period, and parties impacted by the policies. Without a clear definition of austerity and the contexts under which it is implemented, a conclusive analysis of austerity’s effects cannot be conducted. This article concludes that the term “austerity” will remain a confusing term that can breed misunderstanding, social uprisings, political unrest, and ill-prescribed solutions to economic problems. JEL classification: H10, H12, H41, H60 Keywords: Austerity, spending cuts, deficits, tax increases, recession
    DOI: 10.1787/budget-14-5jxrmdxc6sq1
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  • 29
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    The Language of Science Education : An Expanded Glossary of Key Terms and Concepts in Science Teaching and Learning (2014)
    Rotterdam : SensePublishers
    Details
    ISBN: 9789462094970
    Language: English
    Pages: Online-Ressource (Approx. 10 p) , online resource
    Edition: Springer eBook Collection. Humanities, Social Sciences and Law
    DDC: 370
    Keywords: Education
    Abstract: The Language of Science Education: An Expanded Glossary of Key Terms and Concepts in Science Teaching and Learning is written expressly for science education professionals and students of science education to provide the foundation for a shared vocabulary of the field of science teaching and learning. Science education is a part of education studies but has developed a unique vocabulary that is occasionally at odds with the ways some terms are commonly used both in the field of education and in general conversation. Therefore, understanding the specific way that terms are used within science education is vital for those who wish to understand the existing literature or make contributions to it. The Language of Science Education provides definitions for 100 unique terms, but when considering the related terms that are also defined as they relate to the targeted words, almost 150 words are represented in the book. For instance, “laboratory instruction” is accompanied by definitions for openness, wet lab, dry lab, virtual lab and cookbook lab. Each key term is defined both with a short entry designed to provide immediate access following by a more extensive discussion, with extensive references and examples where appropriate. Experienced readers will recognize the majority of terms included, but the developing discipline of science education demands the consideration of new words. For example, the term blended science is offered as a better descriptor for interdisciplinary science and make a distinction between project-based and problem-based instruction. Even a definition for science education is included. The Language of Science Education is designed as a reference book but many readers may find it useful and enlightening to read it as if it were a series of very short stories
    DOI: 10.1007/978-94-6209-497-0
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  • 30
    Book
    Book
    How was life? : global well-being since 1820 (2014)
    Paris : OECD Publishing
    Show associated volumes/articles
    Details
    ISBN: 9789264214064
    Language: English
    Pages: 269 S. , graph. Darst.
    Series Statement: OECD Better Life Initiative
    Series Statement: Clio infra
    Parallel Title: Online-Ausg. How Was Life?
    RVK:
    MS 1170
    RVK:
    MS 2600
    RVK:
    MS 4000
    RVK:
    MS 4050
    Keywords: 1820-2010 ; Lebensqualität ; Soziale Lage ; Sozialgeschichte ; Geschichte ; Welt ; Well-being Statistics History ; Quality of life Statistics History ; Quality of Life ; Life Style ; Health Behavior ; Socioeconomic Factors ; Graue Literatur ; Menschheit ; Wohlbefinden ; Soziale Situation ; Wohlbefinden ; Geschichte 1820-2014
    Abstract: "How was life in 1820, and how has it improved since then? What are the long-term trends in global well-being? Views on social progress since the Industrial Revolution are largely based on historical national accounting in the tradition of Kuznets and Maddison. But trends in real GDP per capita may not fully reflect changes in other dimensions of well-being such as life expectancy, education, personal security or gender inequality. Looking at these indicators usually reveals a more equal world than the picture given by incomes alone, but has this always been the case? The new report How Was Life? aims to fill this gap. It presents the first systematic evidence on long-term trends in global well-being since 1820 for 25 major countries and 8 regions in the world covering more than 80% of the world's population. It not only shows the data but also discusses the underlying sources and their limitations, pays attention to country averages and inequality, and pinpoints avenues for further research. The How Was Life? report is the product of collaboration between the OECD, the OECD Development Centre and the CLIO-INFRA project. It represents the culmination of work by a group of economic historians to systematically chart long-term changes in the dimensions of global well-being and inequality, making use of the most recent research carried out within the discipline. The historical evidence reviewed in the report is organised around 10 different dimensions of well-being that mirror those used by the OECD in its well-being report How's Life? (www.oecd.org/howslife), and draw on the best sources and expertise currently available for historical perspectives in this field. These dimensions are:per capita GDP, real wages, educational attainment, life expectancy, height, personal security, political institutions, environmental quality, income inequality and gender inequality."--Publisher
    Abstract: Global well-being since 1820 -- Demographic trends since 1820 -- GDP per capita since 1820 -- Real wages since 1820 -- Education since 1820 -- Life expectancy since 1820 -- Human height since 1820 -- Personal security since 1820 -- Political institutions since 1820 -- Environmental quality since 1820 -- Income inequality since 1820 -- Gender inequality since 1820 -- A composite view of well-being since 1820
    Note: OECD better life initiative. - "This report is the product of a collaboration between the OECD and CLIO-INFRA project. It represents the culmination of work by a group of economic historians to systematically chart long-term changes in the dimensions of global well-being and inequality, making use of the most recent research carried out within the discipline." -- on back cover. - Includes bibliographical references
    DOI: 10.1787/9789264214262-en
    URL: Beschreibung für Buchhändler
    URL: http://public.eblib.com/choice/publicfullrecord.aspx?p=1825939
    URL: http://site.ebrary.com/id/10961840
    URL: http://www.myilibrary.com?id=654120
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    Case law (2014)
    Paris : OECD Publishing
    In:  Nuclear Law Bulletin Vol. 2013, no. 2, p. 89-95 | volume:2013 | year:2013 | number:2 | pages:89-95
    Details
    Language: English
    Pages: 1 Online-Ressource (7 p.) , 20 x 27cm.
    Parallel Title: Parallele Sprachausgabe Jurisprudence
    Titel der Quelle: Nuclear Law Bulletin
    Angaben zur Quelle: Vol. 2013, no. 2, p. 89-95
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:89-95
    Keywords: Nuclear Energy
    Abstract: France Conseil d’État decision, 28 June 2013, refusing to suspend operation of the Fessenheim nuclear power plant Slovak Republic New developments including the Supreme Court’s judgment in a matter involving Greenpeace Slovakia’s claims regarding the Mochovce nuclear power plant New developments in the matter involving Greenpeace’s demands for information under the Freedom of Information Act Switzerland Judgment of the Federal Supreme Court in the matter of the Département fédéral de l’environnement, des transports, de l’énergie et de la communication (DETEC) against Ursula Balmer-Schafroth and others on consideration of admissibility of a request to withdraw the operating licence for the Mühleberg nuclear power plant United States Judgment of the Court of Appeals for the District of Columbia Circuit granting petition for writ of mandamus ordering US Nuclear Regulatory Commission (NRC) to resume Yucca Mountain licensing Judgment of the Court of Appeals for the Second Circuit invalidating two Vermont statutes as pre-empted by the Atomic Energy Act Judgment of the NRC on transferring Shieldalloy site to New Jersey’s jurisdiction
    DOI: 10.1787/nuclear_law-2013-5jz742tlzh0r
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    Does culture affect post-secondary education choices? (2014)
    Paris : OECD Publishing
    In:  Higher Education Management and Policy Vol. 24, no. 3, p. 57-85 | volume:24 | year:2014 | number:3 | pages:57-85
    Details
    Language: English
    Pages: 1 Online-Ressource (29 p.) , 16 x 23cm.
    Titel der Quelle: Higher Education Management and Policy
    Angaben zur Quelle: Vol. 24, no. 3, p. 57-85
    Angaben zur Quelle: volume:24
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:3
    Angaben zur Quelle: pages:57-85
    Keywords: Education
    Abstract: This paper first discusses the theoretical approaches regarding the choice of participating in post-secondary (or “higher”) education, starting with a presentation of the standard neoclassical economics approach, and then adding concepts taken from the emerging behavioural economics literature to take into account “cultural” factors that affect access. The paper then presents the results of an empirical analysis based on a very rich Canadian dataset, the Youth in Transition Survey, which follows youth from ages 15 to 25. It includes remarkably detailed information on family and other background factors, as well as schooling experiences, which provides evidence that points to the importance of cultural influences on PSE choices. Policy implications are then discussed.
    DOI: 10.1787/hemp-24-5jz8tqsdq3jb
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  • 33
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    Increasing participation and attainment in higher education in Australia : The early effects of a “demand-driven” system (2014)
    Paris : OECD Publishing
    In:  Higher Education Management and Policy Vol. 24, no. 3, p. 145-160 | volume:24 | year:2014 | number:3 | pages:145-160
    Details
    Language: English
    Pages: 1 Online-Ressource (16 p.) , 16 x 23cm.
    Titel der Quelle: Higher Education Management and Policy
    Angaben zur Quelle: Vol. 24, no. 3, p. 145-160
    Angaben zur Quelle: volume:24
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:3
    Angaben zur Quelle: pages:145-160
    Keywords: Education ; Australia
    Abstract: This article examines the early outcomes of the policy reforms that aim to increase substantially the proportion of Australians with a bachelor’s degree and improve equity of access. The changes rely on student choices dictating the flow and overall volume of government funding. The authors analyse the new policies and their implications for students and higher education institutions, focussing on: i) the initial evidence of impact on student numbers and the nature of the patterns of growth; ii) the effects on equity and the mix of students enrolled, both overall and between institutions; iii) the impact of increasing enrolments on government fiscal constraints and the pressure on student charges; iv) ensuring learning outcomes for all students and high-level outcomes for the most capable; and v) the role of universities and the place of other higher education providers in an increasingly diverse system.
    DOI: 10.1787/hemp-24-5jz8tqsd095g
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    Managing the oversight of international branch campuses in higher education (2014)
    Paris : OECD Publishing
    In:  Higher Education Management and Policy Vol. 24, no. 3, p. 161-176 | volume:24 | year:2014 | number:3 | pages:161-176
    Details
    Language: English
    Pages: 1 Online-Ressource (16 p.) , 16 x 23cm.
    Titel der Quelle: Higher Education Management and Policy
    Angaben zur Quelle: Vol. 24, no. 3, p. 161-176
    Angaben zur Quelle: volume:24
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:3
    Angaben zur Quelle: pages:161-176
    Keywords: Education
    Abstract: Over the past two decades, many colleges and universities established physical presences in foreign countries. The development of such foreign educational outposts has meant that institutions have had to learn how to manage across geopolitical borders. This study used interviews with senior officials at institutions operating one or more international branch campuses to identify the three primary areas of oversight of concern to multinational universities: faculty, curriculum and finances. In each of these areas, the authors identify differing managerial strategies used by institutions and explore how these strategies relate to whether the branch is viewed as an integrated or separated component of the institution’s governance structure.
    DOI: 10.1787/hemp-24-5jz8tqscxk25
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  • 35
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    Turkish nuclear legislation : Developments for a nuclear newcomer (2014)
    Paris : OECD Publishing
    In:  Nuclear Law Bulletin Vol. 2013, no. 2, p. 29-54 | volume:2013 | year:2013 | number:2 | pages:29-54
    Details
    Language: English
    Pages: 1 Online-Ressource (26 p.) , 20 x 27cm.
    Parallel Title: Parallele Sprachausgabe La législation nucléaire turque : les évolutions d'un nouvel entrant sur la scène nucléaire
    Titel der Quelle: Nuclear Law Bulletin
    Angaben zur Quelle: Vol. 2013, no. 2, p. 29-54
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:29-54
    Keywords: Nuclear Energy ; Turkey
    Abstract: Turkey’s current and future economic growth is estimated by OECD “to rise to above 3% in 2013 and, as the global recovery gathers strength, to pick up to 4.5% in 2014”. The energy situation, particularly, in the electricity sector with supply from different energy sources and a high rate of importation has led to recognition by the Turkish government of a need for nuclear energy.
    DOI: 10.1787/nuclear_law-2013-5jz742tkm5q8
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  • 36
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    Policy incentives for private innovation and maximising the returns (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Economic Studies Vol. 2013, no. 1, p. 121-163 | volume:2013 | year:2013 | number:1 | pages:121-163
    Details
    Language: English
    Pages: 1 Online-Ressource (43 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Economic Studies
    Angaben zur Quelle: Vol. 2013, no. 1, p. 121-163
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:121-163
    Keywords: Economics
    Abstract: This paper uses panel regression techniques to assess the policy determinants of private-sector innovative activity – proxied by R&D expenditure and the number of new patents – across 19 OECD countries. The relationship between innovation indicators and multifactor productivity (MFP) growth is also examined with a particular focus on the role of public policies in influencing the returns to new knowledge. The results establish an empirical link between R&D and patenting, as well as between these measures of innovation intensity and MFP growth. Innovation-specific policies such as R&D tax incentives, direct government support and patent rights are found to be successful in encouraging the innovative activities associated with higher productivity growth. However, direct empirical evidence of the positive effects of these policies on productivity is less forthcoming. A pervasive theme from the analysis is the importance of coupling policies aimed at encouraging innovation or technological adoption with well-designed framework policies that allow knowledge spillovers to proliferate. In particular, the settings of framework policies relating to product market regulation, openness to trade and debtor protection in bankruptcy provisions are found to be important for the diffusion of new technologies. JEL classification: L20, O30, O40 Keywords: Intangible assets, innovation, productivity growth, public policy
    DOI: 10.1787/eco_studies-2013-5k3trmjlhxzq
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  • 37
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    Russian cyclical indicators and their usefulness in real time. (Report) : An experience of the 2008-09 recession (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Journal of Business Cycle Measurement and Analysis Vol. 2014, no. 1, p. 1-26 | volume:2014 | year:2014 | number:1 | pages:1-26
    Details
    Language: English
    Pages: 1 Online-Ressource (26 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Journal of Business Cycle Measurement and Analysis
    Angaben zur Quelle: Vol. 2014, no. 1, p. 1-26
    Angaben zur Quelle: volume:2014
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:1-26
    Keywords: Economics
    Abstract: This report investigates the predictability of cyclical turning points in Russia. For years, anyone interested in Russia had access to a full set of common tools for business cycle analysis, such as several composite leading indicators, a purchasing managers’ index, enterprise and consumer sentiment indexes, and so on. However, the 2008-09 world financial crisis spread throughout Russia quite unexpectedly for most politicians, businessmen and experts alike. Is it possible that none of existing indexes were able to say anything about the approaching decline? Using a simple “rule of thumb” proposed in this report one may easily see that that in reality this was not the case. So then why did a more or less definite forecast provided by some indexes have no consequences for common economic sentiments in Russia? This report gives some answers to this question. Keywords: recession; growth cycles; cyclical indicators; leading indicators; turning points; Russia JEL classification: E32
    DOI: 10.1787/jbcma-2014-5jxx568wcfhd
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  • 38
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    Policy responses to the issue of implicit bank debt guarantees : OECD survey results (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Financial Market Trends Vol. 2014, no. 1, p. 69-98 | volume:2014 | year:2014 | number:1 | pages:69-98
    Details
    Language: English
    Pages: 1 Online-Ressource (30 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Financial Market Trends
    Angaben zur Quelle: Vol. 2014, no. 1, p. 69-98
    Angaben zur Quelle: volume:2014
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:69-98
    Keywords: Finance and Investment
    Abstract: Bank regulatory reform is expected to limit the value of implicit bank debt guarantees, even if not plainly targeting such values. According to the responses from 35 countries to a survey on implicit bank debt guarantees, there is however no one specific policy capable of fully eliminating the market perception that bank debt is “special”. A mixture of several different and complementary policy measures is considered more helpful, with recurrent elements including the implementation of internationally agreed capital and liquidity standards, the tightening of micro- and macro-prudential supervision and making bank failure resolution more effective. As regards the overall thrust of bank regulatory reform efforts, most respondents suggest “strengthening banks” and “strengthening the capacity to withdraw the guarantee function” describes best their own efforts. By contrast, labelling certain policy measures as “effectively charging a user fee” is considered problematic as it might make explicit what currently is at most implicit.
    DOI: 10.1787/fmt-2014-5jxzbv3r1x9x
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  • 39
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    Documents et textes juridiques (2014)
    Paris : OECD Publishing
    In:  Bulletin de droit nucléaire Vol. 2013, no. 2, p. 175-238 | volume:2013 | year:2013 | number:2 | pages:175-238
    Details
    Language: French
    Pages: 1 Online-Ressource (64 p.) , 20 x 27cm.
    Parallel Title: Parallele Sprachausgabe Documents and legal texts
    Titel der Quelle: Bulletin de droit nucléaire
    Angaben zur Quelle: Vol. 2013, no. 2, p. 175-238
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:175-238
    Keywords: Nuclear Energy
    DOI: 10.1787/nuclear_law-2013-5jxx5mvqz98q
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  • 40
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    Demographic or labour market trends : What determines the distribution of household earnings in OECD countries? (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Economic Studies Vol. 2013, no. 1, p. 179-207 | volume:2013 | year:2013 | number:1 | pages:179-207
    Details
    Language: English
    Pages: 1 Online-Ressource (29 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Economic Studies
    Angaben zur Quelle: Vol. 2013, no. 1, p. 179-207
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:179-207
    Keywords: Economics
    Abstract: This article assesses various underlying driving factors for the evolution of household earnings inequality for 23 OECD countries from the mid-1980s to the mid-2000s. There are a number of factors at play. Some are related to labour market trends – increasing dispersion of individual wages and changes in men’s and women’s employment rates. Others relate to shifts in household structures and family formation – more single-headed households and increased earnings correlation among partners in couples. The contribution of each of these factors is estimated using a semi parametric decomposition technique. The results reveal that marital sorting and household structure changes contributed, albeit moderately, to increasing household earnings inequality, while rising women’s employment exerted a sizable equalising effect. However, changes in labour market factors, in particular increases in men’s earnings disparities, were identified as the main driver of household earnings inequality, contributing between one-third and one-half to the overall increase in most countries. Sensitivity analysis applying a reversedorder decomposition suggests that these results are robust.
    DOI: 10.1787/eco_studies-2013-5k43jt5vcdvl
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  • 41
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    Turning point chronology for the euro area : A distance plot approach (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Journal of Business Cycle Measurement and Analysis Vol. 2014, no. 1, p. 1-14 | volume:2014 | year:2014 | number:1 | pages:1-14
    Details
    Language: English
    Pages: 1 Online-Ressource (14 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Journal of Business Cycle Measurement and Analysis
    Angaben zur Quelle: Vol. 2014, no. 1, p. 1-14
    Angaben zur Quelle: volume:2014
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:1-14
    Keywords: Economics ; Euro Area
    Abstract: We propose a transparent way of establishing a turning point chronology for the euro area business cycle. Our analysis is achieved by exploiting the concept of recurrence plots, in particular distance plots, to characterise and detect turning points of the business cycle. Firstly, we apply the concept of recurrence plots on the US Industrial Production Index (IPI) series; this serves as a benchmark for our analysis since it already contains a reference chronology for the US business cycle, as provided by the Dating Committee of the National Bureau of Economic Research (NBER). We then use this concept to construct a turning point chronology for the euro area business cycle. In particular, we show that this approach detects turning points and helps with the study of the business cycle without a priori assumptions on the statistical properties of the underlying economic indicator. Keywords: economic cycles; euro area; recurrence plots; turning points JEL classification: C14, C40, E32
    DOI: 10.1787/jbcma-2014-5jxwz80d73q8
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  • 42
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    Institutional investors and ownership engagement (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Financial Market Trends Vol. 2013, no. 2, p. 93-114 | volume:2013 | year:2013 | number:2 | pages:93-114
    Details
    Language: English
    Pages: 1 Online-Ressource (22 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Financial Market Trends
    Angaben zur Quelle: Vol. 2013, no. 2, p. 93-114
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:93-114
    Keywords: Finance and Investment
    Abstract: This article provides a framework for analysing the character and degree of ownership engagement by institutional investors.It argues that the general term “institutional investor” in itself doesn’t say very much about the quality or degree of ownership engagement. It is therefore an evasive “shorthand” for policy discussions about ownership engagement. The reason is that there are large differences in ownership engagement between different categories of institutional investors. There are also differences in ownership engagement within the same category of institutional investors such as hedge funds, investment funds,etc. These differences arise from the fact that the degree of ownership engagement is determined by a number of different features and choices that together make up the institutional investor’s “business model”. When ownership engagement is not a central part of the business model,public policies and voluntary standards aiming to improve the quality of ownership engagement among institutional investors are likely to have limited effect. Based on an empirical overview of the relative sise of different categories of institutional investors, the article identifies a set of 7 features and 19 choices that in different combinations define the institutional investor’s business model. These features and choices are then used to establish a taxonomy for identifying different degrees of ownership engagement ranging from “no engagement” to “inside engagement”.
    DOI: 10.1787/fmt-2013-5jz734pwtrkc
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  • 43
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    Dating business cycle turning points : The Greek economy during 1970-2012 and the recent recession (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Journal of Business Cycle Measurement and Analysis Vol. 2014, no. 1, p. 1-24 | volume:2014 | year:2014 | number:1 | pages:1-24
    Details
    Language: English
    Pages: 1 Online-Ressource (24 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Journal of Business Cycle Measurement and Analysis
    Angaben zur Quelle: Vol. 2014, no. 1, p. 1-24
    Angaben zur Quelle: volume:2014
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:1-24
    Keywords: Economics
    Abstract: This paper establishes a reference chronology for the Greek business cycle from early 1970 to late 2012, against the backdrop of the late 2000s global recession and the most recent domestic economic developments, which once again stress the significance of dating business cycle turning points. The derivation of the exact dates of switches between expansions and recessions allows the identification of the point in time at which the Greek economy entered the recent recessionary business cycle regime in the late 2000s and the verification of the assertion that, up to the end of 2012, it had not yet exited the recession. We rely on both non-parametric and parametric procedures in order to check the coherence among the obtained turning points and evaluate the establishment of a reference chronology. We use quarterly GDP data and selected monthly indicators covering important sectors and activities in the Greek economy. On the basis of the obtained exact turning point dates and the indications provided by several business cycle and phases characteristics, we are able to propose a reference chronology for Greece and outline stylised facts of the Greek business cycle for a time period of over 40 years. Our findings clearly suggest that the Greek economy entered a recessionary business cycle regime in 2008 which was continued throughout 2012.
    DOI: 10.1787/jbcma-2014-5jz0sr0pnhs8
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  • 44
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    Improving the monitoring of the value of implicit guarantees for bank debt (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Financial Market Trends Vol. 2014, no. 1, p. 7-37 | volume:2014 | year:2014 | number:1 | pages:7-37
    Details
    Language: English
    Pages: 1 Online-Ressource (31 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Financial Market Trends
    Angaben zur Quelle: Vol. 2014, no. 1, p. 7-37
    Angaben zur Quelle: volume:2014
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:7-37
    Keywords: Finance and Investment
    Abstract: The value of implicit guarantees has declined from its peak at the height of the financial crisis, which is consistent with progress made regarding the bank regulatory reform agenda, as one would expect that many of the reform measures imply a more limited value of implicit guarantees for bank debt. Implicit guarantees persist however and their value continues to be significant, estimated here to be equivalent to EUR 50 billion of annual funding costs savings for a sample of more than 100 large European banks. This estimated funding cost advantage is a conservative estimate as it only focuses on one type of debt that can be measured in “real-time”, that is as data on credit ratings, debt issuance and prices of debt become available. In any case, bank debt continues to be considered “special” by market participants and this observation implies that the substantial economic distortions, including distortions to risk-taking incentives and competition, arising from this situation also persist.
    DOI: 10.1787/fmt-2014-5jxzmkgjnt9x
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  • 45
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    La législation nucléaire turque : les évolutions d'un nouvel entrant sur la scène nucléaire (2014)
    Paris : OECD Publishing
    In:  Bulletin de droit nucléaire Vol. 2013, no. 2, p. 29-63 | volume:2013 | year:2013 | number:2 | pages:29-63
    Details
    Language: French
    Pages: 1 Online-Ressource (35 p.) , 20 x 27cm.
    Parallel Title: Parallele Sprachausgabe Turkish nuclear legislation: Developments for a nuclear newcomer
    Titel der Quelle: Bulletin de droit nucléaire
    Angaben zur Quelle: Vol. 2013, no. 2, p. 29-63
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:29-63
    Keywords: Nuclear Energy ; Turkey
    Abstract: D’après les estimations de l’OCDE, la croissance économique turque « devrait dépasser 3 % en 2013 puis, parallèlement au renforcement de la reprise mondiale, atteindre 4.5 % en 2014 ». La situation énergétique du pays, et notamment l’état du secteur de l’électricité qui fait appel à plusieurs sources d’énergie mais repose aussi en grande partie sur des importations, a conduit le gouvernement à opter pour le nucléaire.
    DOI: 10.1787/nuclear_law-2013-5jxx5mvr56xt
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  • 46
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    National legislative and regulatory activities (2014)
    Paris : OECD Publishing
    In:  Nuclear Law Bulletin Vol. 2014, no. 1, p. 97-111 | volume:2014 | year:2014 | number:1 | pages:97-111
    Details
    Language: English
    Pages: 1 Online-Ressource (15 p.) , 20 x 27cm.
    Titel der Quelle: Nuclear Law Bulletin
    Angaben zur Quelle: Vol. 2014, no. 1, p. 97-111
    Angaben zur Quelle: volume:2014
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:97-111
    Keywords: Nuclear Energy
    Abstract: Belarus International co-operation Organisation and structure Licensing and regulatory infrastructure Nuclear safety and radiological protection France Nuclear safety and radiological protection Radioactive waste management Environmental protection Liability and compensation International co-operation Hungary General legislation Radioactive waste management Nuclear security Ireland Nuclear safety and radiological protection (including emergency planning) Lithuania Licensing and regulatory infrastructure Moldova Nuclear safety and radiological protection Portugal Radioactive waste management Nuclear safety and radiological protection Slovak Republic Radioactive waste management Liability and compensation Spain Radioactive waste management Ukraine Radioactive waste management United Kingdom Organisation and structure
    DOI: 10.1787/nuclear_law-2014-5jrtpsj4vcjk
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  • 47
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    Financing infrastructure – International trends (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Financial Market Trends Vol. 2014, no. 1, p. 123-138 | volume:2014 | year:2014 | number:1 | pages:123-138
    Details
    Language: English
    Pages: 1 Online-Ressource (16 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Financial Market Trends
    Angaben zur Quelle: Vol. 2014, no. 1, p. 123-138
    Angaben zur Quelle: volume:2014
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:123-138
    Keywords: Finance and Investment
    Abstract: The infrastructure financing market has gone through a process of radical transformation starting from the mid-2000s. Different reasons – including a changed macroeconomic environment, more stringent regulations on financial intermediaries, and a modified appetite for long-term asset investments – have led to a reallocation of flows from the banking sector to the institutional investors sector. This article provides an overview of international trends in infrastructure finance. It proposes a map of the different investment channels that private investors can use to access the infrastructure investment on the equity and debt side, highlighting the historical evolution of these segments in the past few years. Recently designed financial structures, such as different forms of partnership between banks and institutional investors, securitisation models and debt/credit fund vehicles, are also taken into consideration. JEL classification: E2, G1, G11, G2, G3, H44, H54, H81 Keywords: infrastructure financing, long-term investment, institutional investors, public-private partnerships, bank institutional investors partnerships, syndicated loans, project bonds, securitisation, debt/credit fund vehicles, financial market regulation
    DOI: 10.1787/fmt-2014-5jxvpb4jfrf1
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  • 48
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    National legislative and regulatory activities (2014)
    Paris : OECD Publishing
    In:  Nuclear Law Bulletin Vol. 2013, no. 2, p. 97-115 | volume:2013 | year:2013 | number:2 | pages:97-115
    Details
    Language: English
    Pages: 1 Online-Ressource (19 p.) , 20 x 27cm.
    Parallel Title: Parallele Sprachausgabe Travaux législatifs et réglementaires nationaux
    Titel der Quelle: Nuclear Law Bulletin
    Angaben zur Quelle: Vol. 2013, no. 2, p. 97-115
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:97-115
    Keywords: Nuclear Energy
    Abstract: Algeria Nuclear security Armenia Nuclear safety and radiological protection Brazil Canada Nuclear security Liability and compensation France Radioactive waste management International co-operation Germany Radioactive waste management Greece Management of spent fuel and radioactive waste Ireland Transport of radioactive material Luxembourg Nuclear safety and radiological protection Poland Nuclear safety and radiological protection Radioactive waste management General legislation Portugal General legislation Slovak Republic General legislation Slovenia Nuclear safety and radiological protection Ukraine International co-operation United States Issuance of Proposed Waste Confidence Rule and Draft Generic Environmental Impact Statement for public comment Issuance of Final Rule Updating Part 51 and Final License Renewal Generic Environmental Impact Statement Update Inflation adjustment to the Price-Anderson Act Financial Protection Regulations Uruguay Nuclear safety and radiological protection
    DOI: 10.1787/nuclear_law-2013-5jz742tlxnf4
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  • 49
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    Fusion energy and nuclear liability considerations (2014)
    Paris : OECD Publishing
    In:  Nuclear Law Bulletin Vol. 2014, no. 1, p. 43-61 | volume:2014 | year:2014 | number:1 | pages:43-61
    Details
    Language: English
    Pages: 1 Online-Ressource (19 p.) , 20 x 27cm.
    Titel der Quelle: Nuclear Law Bulletin
    Angaben zur Quelle: Vol. 2014, no. 1, p. 43-61
    Angaben zur Quelle: volume:2014
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:43-61
    Keywords: Nuclear Energy
    Abstract: For over 60 years, fusion energy has been recognised as a promising technology for safe, secure and environmentally-sustainable commercial electrical power generation. Over the past decade, research and development programmes across the globe have shown progress in developing critical underlying technologies. Approaches ranging from high-temperature plasma magnetic confinement fusion to inertial confinement fusion are increasingly better understood.
    DOI: 10.1787/nuclear_law-2014-5jrtpsj53f7h
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  • 50
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    Environmental policies and productivity growth : a critical review of empirical findings (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Economic Studies Vol. 2014, no. 1, p. 155-185 | volume:2014 | year:2014 | number:1 | pages:155-185
    Details
    Language: English
    Pages: 1 Online-Ressource (31 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Economic Studies
    Angaben zur Quelle: Vol. 2014, no. 1, p. 155-185
    Angaben zur Quelle: volume:2014
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:155-185
    Keywords: Economics
    Abstract: The economic effects of environmental policies are of central interest to policymakers. The traditional approach sees environmental policies as a burden on economic activity, at least in the short to medium term, as they raise costs without increasing output and restrict the set of production technologies and outputs. At the same time, the Porter Hypothesis claims that well-designed environmental policies can provide a “free lunch” – encouraging innovation, bringing about gains in profitability and productivity that can outweigh the costs of the policy. This paper reviews the empirical evidence on the link between environmental policy stringency and productivity growth, and the various channels through which such effects can take place. The results are ambiguous, in particular as many of the studies are fragile and context-specific, impeding the generalisation of conclusions. Practical problems related to data, measurement and estimation strategies are discussed, leading to suggestions as to how they can be addressed in future research. These include: improving the measurement of environmental policy stringency; investigating effects of different types of instruments and details of instrument design; exploiting cross-country variation; and the complementary use of different levels of aggregation.
    DOI: 10.1787/eco_studies-2014-5jz2drqml75j
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  • 51
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    Dynamic factor models: A review of the literature (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Journal of Business Cycle Measurement and Analysis Vol. 2013, no. 2, p. 73-107 | volume:2013 | year:2013 | number:2 | pages:73-107
    Details
    Language: English
    Pages: 1 Online-Ressource (35 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Journal of Business Cycle Measurement and Analysis
    Angaben zur Quelle: Vol. 2013, no. 2, p. 73-107
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:73-107
    Keywords: Economics
    Abstract: In the last few years, the growth in the amount of economic and financial data available has prompted econometricians to develop or adapt new methods enabling them to summarise efficiently the information contained in large databases. Of these methods, dynamic factor models have seen rapid growth and become very popular among macroeconomists. In this paper, we carry out a survey of recent literature on dynamic factor models. We start by presenting the models used before looking at parameter estimation methods and statistical tests available for choosing the number of factors. We then focus on recent empirical applications dealing with the construction of economic outlook indicators, macroeconomic forecasts, and both macroeconomic and monetary policy analyses.
    DOI: 10.1787/jbcma-2013-5jz417f7b7nv
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  • 52
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    Documents and legal texts (2014)
    Paris : OECD Publishing
    In:  Nuclear Law Bulletin Vol. 2013, no. 2, p. 153-210 | volume:2013 | year:2013 | number:2 | pages:153-210
    Details
    Language: English
    Pages: 1 Online-Ressource (58 p.) , 20 x 27cm.
    Parallel Title: Parallele Sprachausgabe Documents et textes juridiques
    Titel der Quelle: Nuclear Law Bulletin
    Angaben zur Quelle: Vol. 2013, no. 2, p. 153-210
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:153-210
    Keywords: Nuclear Energy
    Abstract: Russian Federation Federal Law No.170 of 21 November 1995 on the use of atomic energy Uruguay Law no.19.056 On the Radiological Protection and Safety of Persons, Property and the Environment Japan Third Supplement to Interim Guidelines on Determination of the Scope of Nuclear Damage resulting from the Accident at the Tokyo Electric Power Company Fukushima Daiichi and Daini Nuclear Power Plants (concerning Damages related to Rumour-Related Damage in the Agriculture, Forestry, Fishery and Food Industries) France and the United States Joint Statement on Liability for Nuclear Damage Franco-Russian Nuclear Power Declaration
    DOI: 10.1787/nuclear_law-2013-5jz742tlts6k
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  • 53
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    How to deal with contingent liabilities – Lessons from the Dutch experience (2014)
    Paris : OECD Publishing
    In:  OECD Journal on Budgeting Vol. 14, no. 1, p. 35-45 | volume:14 | year:2014 | number:1 | pages:35-45
    Details
    Language: English
    Pages: 1 Online-Ressource (11 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal on Budgeting
    Angaben zur Quelle: Vol. 14, no. 1, p. 35-45
    Angaben zur Quelle: volume:14
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:35-45
    Keywords: Finance and Investment ; Governance
    Abstract: commission has reviewed all the guarantees, loans and financial interventions provided by the Dutch government. This review shows that policy makers often perceive these measures as a “free lunch”, do-not-ask (sufficiently high) premiums and do-not-build reserves to cover potential damages. The commission concluded that the Dutch government needs to reduce these measures where possible (e.g. by including sunset clauses), implement policies that reduce implicit risks, increase transparency, and consider asking for an external opinion regarding premiums in case of large and complex risks. Also internationally, an increased focus on budget systems that ensure transparency and provide the right incentives is necessary, as in recent years contingent liabilities increased while government finances deteriorated, making countries less resilient to these risks. Countries seem to use very different definitions and reporting methods with regard to contingent liabilities, making an international comparison and monitoring very difficult.
    DOI: 10.1787/budget-14-5jxv7kmx9fbq
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  • 54
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    The metamorphoses of performance budgeting (2014)
    Paris : OECD Publishing
    In:  OECD Journal on Budgeting Vol. 13, no. 2, p. 49-79 | volume:13 | year:2014 | number:2 | pages:49-79
    Details
    Language: English
    Pages: 1 Online-Ressource (31 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal on Budgeting
    Angaben zur Quelle: Vol. 13, no. 2, p. 49-79
    Angaben zur Quelle: volume:13
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:49-79
    Keywords: Finance and Investment ; Governance
    Abstract: Performance budgeting (PB) emerged more than 60 years ago as a key driver of budgetary innovation in the United States. Due to its often lofty goals, PB initiatives were rarely successful, but have instead reappeared, in different forms and with new labels. This article focuses on contemporary PB transformations, explains their rationale and objectives, and assesses their prospects in eight sections. Due to the fact that PB defies standardisation and countries differ in their approaches, the versions discussed here do not fit all venues, nor would all observers agree that they are sufficiently distinguishable from one another to warrant distinctive labels. PB, however, has some basic features that cut across all its mutations, though the way they are framed or applied may differ among the various approaches. JEL classification: H60, H61, H68 Keywords: Budget allocation, budget framework, expenditures, implementation, line items, performance budgeting
    DOI: 10.1787/budget-13-5jz2jw9szgs8
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  • 55
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    Measurement and analysis of implicit guarantees for bank debt : OECD survey results (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Financial Market Trends Vol. 2014, no. 1, p. 39-67 | volume:2014 | year:2014 | number:1 | pages:39-67
    Details
    Language: English
    Pages: 1 Online-Ressource (29 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Financial Market Trends
    Angaben zur Quelle: Vol. 2014, no. 1, p. 39-67
    Angaben zur Quelle: volume:2014
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:39-67
    Keywords: Finance and Investment
    Abstract: Implicit guarantees of bank debt create economic costs and distortions, which is why policy makers have clearly announced their intention to rein in the value of implicit guarantees. This report identifies key findings from the responses from 35 countries to a survey on implicit guarantees. The survey shows that while authorities have not settled on the best way of measuring such guarantees, it is important to produce estimates of the value of these guarantees to facilitate the task of assessing progress in bank regulatory reform and in reducing the value of these guarantees. Whatever method is used, the value of implicit bank debt guarantees is substantial. In absolute terms, the estimated funding cost advantages can amount to about USD 10 billion on an annual basis for banking sectors in some jurisdictions and, in many cases, they are estimated to represent the equivalent of 1% of domestic GDP; in crisis situations, this value could rise to close to 3% of domestic GDP.
    DOI: 10.1787/fmt-2014-5jxzbv3r9rf4
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    Making leading indicators more leading : A wavelet-based method for the construction of composite leading indexes (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Journal of Business Cycle Measurement and Analysis Vol. 2014, no. 1, p. 1-21 | volume:2014 | year:2014 | number:1 | pages:1-21
    Details
    Language: English
    Pages: 1 Online-Ressource (21 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Journal of Business Cycle Measurement and Analysis
    Angaben zur Quelle: Vol. 2014, no. 1, p. 1-21
    Angaben zur Quelle: volume:2014
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:1-21
    Keywords: Economics
    Abstract: This paper proposes a novel wavelet-based approach for constructing composite indicators. The wavelet-based methodology exploits the ability of wavelet analysis to analyse the relationships between variables on a scale-by-scale, rather than aggregate, basis. A wavelet-based index which combines several scale-based subindexes is constructed by using a scale-by-scale selection of the components included in the OECD composite leading indicator (CLI) for the US. The comparison with the CLI and its derived measures indicate that the wavelet-based composite index tends to provide early signals of business cycle turning points well in advance of the OECD CLI. Moreover we find that the reliability of the signals tends to increase considerably when the sub-index obtained from the time scale components corresponding to minor cycles, that is, 2-4 years, is removed from the overall wavelet-based index. Keywords: wavelets; composite leading indicators; early warning signals JEL classification: C1; C3; C5; E3
    DOI: 10.1787/jbcma-2014-5jxx56gqmhf1
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  • 57
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    Macro-prudential policy, bank systemic risk and capital controls (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Financial Market Trends Vol. 2013, no. 2, p. 7-28 | volume:2013 | year:2013 | number:2 | pages:7-28
    Details
    Language: English
    Pages: 1 Online-Ressource (22 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Financial Market Trends
    Angaben zur Quelle: Vol. 2013, no. 2, p. 7-28
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:7-28
    Keywords: Finance and Investment
    Abstract: The paper explores the issue of macro-prudential policies in the light of empirical evidence on the determinants of bank systemic risk, and the effectiveness of capital controls. In many ways this reflects a step back in time towards sector approaches to monetary policy that were so prevalent in the 1960s, 1970s and early 1980s. Complexity and interdependence is such that proposals on these issues should be treated with care until much more is understood about the issue. JEL Classification: C23, C25, F21, F43, G01. Keywords: Macro-prudential policies, capital controls, economic growth, emerging economies, financial crisis.
    DOI: 10.1787/fmt-2013-5jzb2rhkhks4
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  • 58
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    Bank business models and the separation issue (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Financial Market Trends Vol. 2013, no. 2, p. 69-91 | volume:2013 | year:2013 | number:2 | pages:69-91
    Details
    Language: English
    Pages: 1 Online-Ressource (23 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Financial Market Trends
    Angaben zur Quelle: Vol. 2013, no. 2, p. 69-91
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:69-91
    Keywords: Finance and Investment
    Abstract: The main hallmarks of the global financial crisis were too-big-to-fail institutions taking on too much risk with other people’s money while gains were privatised and losses socialised. It is shown that banks need little capital in calm periods, but in a crisis they need too much – there is no reasonable ex-ante capital rule for large systemically important financial institutions that will make them safe. The bank regulators paradox is that large complex and interconnected banks need very little capital in the good times, but they can never have enough in an extreme crisis. Separation is required to deal with this problem, which derives mainly from counterparty risk. The study suggests banks should be considered for separation into a ring-fenced non-operating holding company (NOHC) structure with ring-fencing when they pass a key allowable threshold for the gross market value (GMV) of derivatives, a case which is reinforced if the bank has high wholesale funding and low levels of liquid trading assets. The pricing of derivatives and repos would become more commensurate with the risks if the NOHC proposal were to be pursued as a unifying strategy for the different national approaches. Most of the objections to this structure are summarised and rebutted. Other national proposals for separation in Switzerland, the Volcker rule, the Vickers rule, and the Liikanen proposal are argued to be inferior to the ring-fenced NOHC proposal, on the grounds that empirical evidence about what matters for a safe business model is not taken properly into account. JEL classification: G01, G15, G18, G20, G21, G24, G28 Keywords: Financial crisis, derivatives, bank business models, distance-to-default, structural bank separation, banking reform, GSIFI banks
    DOI: 10.1787/fmt-2013-5jzb2rhk9b6j
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  • 59
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    Le droit nucléaire et le droit de l'environnement dans les procédures d'autorisation des installations nucléaires (2014)
    Paris : OECD Publishing
    In:  Bulletin de droit nucléaire Vol. 2013, no. 2 | volume:2013 | year:2013 | number:2
    Details
    Language: French
    Pages: 1 Online-Ressource (40 p.) , 20 x 27cm.
    Parallel Title: Parallele Sprachausgabe Nuclear law and environmental law in the licensing of nuclear installations
    Titel der Quelle: Bulletin de droit nucléaire
    Angaben zur Quelle: Vol. 2013, no. 2
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Keywords: Nuclear Energy
    Abstract: L’impact des grandes installations nucléaires sur l’environnement est considérable, qu’il s’agisse d’un impact réel, celui de la construction et de l’exploitation de ces installations, ou celui découlant d’un accident potentiel. D’ailleurs, bon nombre des multiples procédures d’autorisation exigées pour un projet nucléaire d’envergure ont trait aux répercussions possibles de ce projet sur l’environnement.
    DOI: 10.1787/nuclear_law-2013-5jxx5mvq24mq
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  • 60
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    Short-term forecasting of French GDP growth using dynamic factor models (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Journal of Business Cycle Measurement and Analysis Vol. 2013, no. 2, p. 11-50 | volume:2013 | year:2013 | number:2 | pages:11-50
    Details
    Language: English
    Pages: 1 Online-Ressource (40 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Journal of Business Cycle Measurement and Analysis
    Angaben zur Quelle: Vol. 2013, no. 2, p. 11-50
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:11-50
    Keywords: Economics
    Abstract: In recent years, central banks and international organisations have been making ever greater use of factor models to forecast macroeconomic variables. We examine the performance of these models in forecasting French GDP growth over short horizons. The factors are extracted from a large data set of around one hundred variables including survey balances and real, financial, and international variables. An out-of-sample pseudo real-time evaluation over the past decade shows that factor models provide a gain in accuracy relative to the usual benchmarks. However, the forecasts remain inaccurate before the start of the quarter. We also show that the inclusion of international and financial variables can improve forecasts at the longest horizons.
    DOI: 10.1787/jbcma-2013-5jz742l0pt8s
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  • 61
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    The impact of cost-containment policies on health expenditure : Evidence from recent OECD experiences (2014)
    Paris : OECD Publishing
    In:  OECD Journal on Budgeting Vol. 13, no. 3, p. 1-29 | volume:13 | year:2014 | number:3 | pages:1-29
    Details
    Language: English
    Pages: 1 Online-Ressource (29 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal on Budgeting
    Angaben zur Quelle: Vol. 13, no. 3, p. 1-29
    Angaben zur Quelle: volume:13
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:3
    Angaben zur Quelle: pages:1-29
    Keywords: Finance and Investment ; Governance
    Abstract: Many governments have enacted health cost-containment policies in recent years, and many are currently considering further reform alternatives to tackle growing health spending and promote efficiency in the health system, particularly in light of projections regarding future cost pressures in this sector. The focus of this study is to assess the most robust empirical evidence on the public spending effects of health policy alternatives to contain excess cost growth in the system. A stylised theoretical framework of the relationships between potential cost-containment measures, economic incentives and quantities, and health expenditure is suggested. The developed framework provides structural guidance for reviewing the evidence on the cost-containment impacts of various reforms implemented in OECD countries in the last decades. The accumulated evidence indicates that there are various alternative policies in a government’s toolkit that can be combined to achieve better cost control in the health system, provided institutional aspects and policy interactions are carefully considered. JEL classification: I10, I18, H51. Keywords: Health financing, cost containment, provider payment, health system reform.
    DOI: 10.1787/budget-13-5jxx2wl6lp9p
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  • 62
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    SMEs and the credit crunch : Current financing difficulties, policy measures and a review of literature (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Financial Market Trends Vol. 2013, no. 2, p. 115-148 | volume:2013 | year:2013 | number:2 | pages:115-148
    Details
    Language: English
    Pages: 1 Online-Ressource (34 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Financial Market Trends
    Angaben zur Quelle: Vol. 2013, no. 2, p. 115-148
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:115-148
    Keywords: Finance and Investment
    Abstract: After a brief overview of current financing difficulties for SMEs and policy measures to support SME lending during the crisis,this article presents a literature review related to difficulties in SME’s access to finance during the crisis, against a background of a sharp decline in bank profitability and an erosion of bank capital that negatively affected lending. The articles reviewed are classified according to four main issues of interest:the impairment of the bank-credit channel and its economic effects;factors potentially attenuating the effect of a financial squeeze;the role of global banking in mitigating but also transmitting financial shocks; and,looking ahead,issues related to so-called “credit-less recoveries” that should be relevant in guiding policy makers in the current environment of financial deleveraging. All the results hold important implications for policy making given the bail-outs and the large injections ofliquidity by central banks during the crisis.
    DOI: 10.1787/fmt-2013-5jz734p6b8jg
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  • 63
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    Evaluating the capability of the UK Treasury, 1990-2013 (2014)
    Paris : OECD Publishing
    In:  OECD Journal on Budgeting Vol. 13, no. 3, p. 1-29 | volume:13 | year:2014 | number:3 | pages:1-29
    Details
    Language: English
    Pages: 1 Online-Ressource (29 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal on Budgeting
    Angaben zur Quelle: Vol. 13, no. 3, p. 1-29
    Angaben zur Quelle: volume:13
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:3
    Angaben zur Quelle: pages:1-29
    Keywords: Finance and Investment ; Governance ; United Kingdom
    Abstract: The strength of the United Kingdom’s central finance agency (H.M. Treasury) has been attributed to its broad and powerful influence on policy issues; the high intellectual standards of its staff; the relatively clear division between the “official” treasury and the political level; and the important role played by the permanent secretary as an anchor and point of communication between officials and ministers. To maintain its power the Treasury has to adapt quickly to changing economic and political circumstances, most recently the global financial crisis. It has also engaged in two major reorganisations over the past 20 years, which have resulted in a substantial streamlining of the organisation, a flattening of the management structure, and a casting out of functions regarded as peripheral to its core finance and economic mandate. Some critics, however, have argued that the performance of the Treasury has failed, and that the department needs to be cut back to its traditional role as a budget and finance ministry. JEL classification: H50, H54, H80, H83. Keywords: Treasury, finance ministry, central finance agency, public finance, organisation, change management.
    DOI: 10.1787/budget-13-5jxx2xcvjpth
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  • 64
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    New indicators for tracking growth in real time (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Journal of Business Cycle Measurement and Analysis Vol. 2013, no. 2, p. 51-71 | volume:2013 | year:2013 | number:2 | pages:51-71
    Details
    Language: English
    Pages: 1 Online-Ressource (21 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Journal of Business Cycle Measurement and Analysis
    Angaben zur Quelle: Vol. 2013, no. 2, p. 51-71
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:51-71
    Keywords: Economics
    Abstract: We develop monthly indicators for tracking short-run trends in real GDP growth in 32 advanced and emerging-market economies. We test the historical performance of our indicators and find that they do a good job at describing the business cycle. In a recursive out-of-sample forecasting exercise, we find that the indicators generally produce good real GDP growth forecasts relative to a range of time series models.
    DOI: 10.1787/jbcma-2013-5jz741mh2czs
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  • 65
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    Constructing a conditional GDP fan chart with an application to French business survey data (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Journal of Business Cycle Measurement and Analysis Vol. 2013, no. 2, p. 109-127 | volume:2013 | year:2013 | number:2 | pages:109-127
    Details
    Language: English
    Pages: 1 Online-Ressource (19 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Journal of Business Cycle Measurement and Analysis
    Angaben zur Quelle: Vol. 2013, no. 2, p. 109-127
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:109-127
    Keywords: Economics
    Abstract: Interval confidence and density forecasts, notably in the form of “fan charts”, are useful tools to describe the uncertainty inherent to any point forecast. However, the existing techniques suffer from several drawbacks. We propose a new method to represent uncertainty in realtime that is conditional upon the economic outlook, non-parametric and reproducible. Moreover, we build a Forecasting Risk Index associated with our fan chart to measure the intrinsic difficulty of the forecasting exercise. Using balances of opinion of different business surveys carried out by the French statistical institute INSEE, our GDP fan chart efficiently captures the growth stall during the crisis on a real-time basis. Our Forecasting Risk Index has increased substantially in this period of turbulence, showing signs of growing uncertainty. Keywords: Density forecast, quantile regressions, business tendency surveys, fan charts JEL classification: E32, E37, E66, C22
    DOI: 10.1787/jbcma-2013-5jz417xzw931
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  • 66
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    Activités des organisations intergouvernementales (2014)
    Paris : OECD Publishing
    In:  Bulletin de droit nucléaire Vol. 2013, no. 2, p. 135-147 | volume:2013 | year:2013 | number:2 | pages:135-147
    Details
    Language: French
    Pages: 1 Online-Ressource (14 p.) , 20 x 27cm.
    Parallel Title: Parallele Sprachausgabe Intergovernmental organisation activities
    Titel der Quelle: Bulletin de droit nucléaire
    Angaben zur Quelle: Vol. 2013, no. 2, p. 135-147
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:135-147
    Keywords: Nuclear Energy
    DOI: 10.1787/nuclear_law-2013-5jxx5mvr1k7j
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  • 67
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    Budgeting in Albania (2014)
    Paris : OECD Publishing
    In:  OECD Journal on Budgeting Vol. 13, no. 2, p. 123-189 | volume:13 | year:2014 | number:2 | pages:123-189
    Details
    Language: English
    Pages: 1 Online-Ressource (67 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal on Budgeting
    Angaben zur Quelle: Vol. 13, no. 2, p. 123-189
    Angaben zur Quelle: volume:13
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:123-189
    Keywords: Finance and Investment ; Governance ; Albania
    Abstract: The Republic of Albania is located in south-eastern Europe and has a population of 2.8 million (2011 census). It was established as a unitary parliamentary republic in 1991 after 46 years of Communist rule. This review of the budget process of the Republic of Albania was carried out as part of the work programme of the OECD Working Party of Senior Budget Officials. In preparation for the review, a team for the OECD Secretariat led by Knut Klepsvik undertook a mission to Tirana from 29 October to 2 November 2012. The substance of this review is divided into 4 sections which details the budgeting process in Albania and includes an Annex summarising recent budget reviews that have taken place in the country. JEL classification: H50, H61, H83, O21, O52 Keywords: Annual budget, budgetary process, budget structure, fiscal policy, fiscal rules, parliamentary budget, procurement.
    DOI: 10.1787/budget-13-5jz14bz8n86d
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  • 68
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    Attracting European academics to Turkey under the Erasmus programme (2014)
    Paris : OECD Publishing
    In:  Higher Education Management and Policy Vol. 24, no. 3, p. 107-125 | volume:24 | year:2014 | number:3 | pages:107-125
    Details
    Language: English
    Pages: 1 Online-Ressource (19 p.) , 16 x 23cm.
    Titel der Quelle: Higher Education Management and Policy
    Angaben zur Quelle: Vol. 24, no. 3, p. 107-125
    Angaben zur Quelle: volume:24
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:3
    Angaben zur Quelle: pages:107-125
    Keywords: Education ; Turkey
    Abstract: This study explores the extent to which European lecturers experience barriers to participation in the Erasmus programme in relation to Turkey. The evidence indicates that, although the number of Turkish lecturers who participate in the programme has constantly been increasing, mobility from the European Union (EU) to Turkey is low. A question arises as to what measures should be taken to reduce obstacles to the academic mobility and to improve attractiveness to the Turkish higher education institutions (HEIs) to European academics. In order to understand how mobility might be increased, the study investigates key drivers and barriers that might hinder mobility and draws conclusions about ways to improve participation.
    DOI: 10.1787/hemp-24-5jz8tqsdl96j
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  • 69
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    Comparing international student and institutional objectives and institutional objectives : Implications for institutional strategy (2014)
    Paris : OECD Publishing
    In:  Higher Education Management and Policy Vol. 24, no. 3, p. 37-55 | volume:24 | year:2014 | number:3 | pages:37-55
    Details
    Language: English
    Pages: 1 Online-Ressource (19 p.) , 16 x 23cm.
    Titel der Quelle: Higher Education Management and Policy
    Angaben zur Quelle: Vol. 24, no. 3, p. 37-55
    Angaben zur Quelle: volume:24
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:3
    Angaben zur Quelle: pages:37-55
    Keywords: Education ; Canada
    Abstract: Globalisation of higher education is critical to achieving many of higher education’s highest goals. This paper analyses the results of a survey of over 5000 Indian private high-school students (Skinkle and Embleton, 2011) revealing that 21% are seriously considering international education (IE). Those considering IE often stated their motivations as including improving leadership skills, meeting new people and giving back to society. There is however little research concerning the goals (and practices) of higher education institutions in relation to the aspirations of IE students. A primary motivation for many institutions is financial. The authors integrate the results of the survey with an empirical study of 65 Canadian professorial and administrative leaders at both colleges and universities, from 54 diverse institutions across Canada, to provide critical analyses of perceived benefits, threats and desired outcomes of IE in higher education. Strategic imperatives for IE management are presented.
    DOI: 10.1787/hemp-24-5jz8tqsds535
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    Foreword (2014)
    Paris : OECD Publishing
    In:  Higher Education Management and Policy Vol. 24, no. 3, p. 3-4 | volume:24 | year:2014 | number:3 | pages:3-4
    Details
    Language: English
    Pages: 1 Online-Ressource (2 p.) , 16 x 23cm.
    Titel der Quelle: Higher Education Management and Policy
    Angaben zur Quelle: Vol. 24, no. 3, p. 3-4
    Angaben zur Quelle: volume:24
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:3
    Angaben zur Quelle: pages:3-4
    Keywords: Education
    Abstract: The Higher Education Management and Policy journal was first published in 1977 under the title International Journal of Institutional Management in Higher Education, then Higher Education Management from 1989 to 2001.
    DOI: 10.1787/hemp-24-5jz8tqsg4qnx
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  • 71
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    Managing change in higher education institutions in Tanzania : A historical perspective (2014)
    Paris : OECD Publishing
    In:  Higher Education Management and Policy Vol. 24, no. 3, p. 127-144 | volume:24 | year:2014 | number:3 | pages:127-144
    Details
    Language: English
    Pages: 1 Online-Ressource (18 p.) , 16 x 23cm.
    Titel der Quelle: Higher Education Management and Policy
    Angaben zur Quelle: Vol. 24, no. 3, p. 127-144
    Angaben zur Quelle: volume:24
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:3
    Angaben zur Quelle: pages:127-144
    Keywords: Education ; Tanzania, United Republic of
    Abstract: This paper examines the history of the management of the higher education sector in Tanzania. It reveals that government policies and management styles throughout the period from 1961 to the early 2000s created a culture of resistance within the higher education institutions, leading to struggles and many attempts to change the management of the sector. The authors analyse the effects of management practices in higher education and propose a model of institutional change that yields positive outcomes based on institutional needs and those of the academic faculty members.
    DOI: 10.1787/hemp-24-5jz8tqsd1vjh
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  • 72
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    The professionalisation of degree courses in France : New issues in an old debate (2014)
    Paris : OECD Publishing
    In:  Higher Education Management and Policy Vol. 24, no. 3, p. 87-105 | volume:24 | year:2014 | number:3 | pages:87-105
    Details
    Language: English
    Pages: 1 Online-Ressource (19 p.) , 16 x 23cm.
    Titel der Quelle: Higher Education Management and Policy
    Angaben zur Quelle: Vol. 24, no. 3, p. 87-105
    Angaben zur Quelle: volume:24
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:3
    Angaben zur Quelle: pages:87-105
    Keywords: Education ; France
    Abstract: In this article, the author discusses the professionalisation of university courses, noting that there are two different views concerning the mission of universities: the dissemination of knowledge and training highly skilled workers to benefit national economies. He explains that in France, for many years, due to the singularity of the organisation of its higher educational system, it was assumed that universities were not concerned with the professionalisation of degree courses. But from the 1960s onwards, there was a change that consisted in introducing vocational courses into universities. This movement is taking on a new form in the 2010s: the aim is to professionalise general courses to improve young graduates’ employability. To achieve this goal, the state provides subsidies to universities, partly on the basis of the employment rate of graduates. The author concludes that this situation may prove untenable for universities.
    DOI: 10.1787/hemp-24-5jz8tqsdn4s1
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  • 73
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    Benchmarking university governance in the MENA region (2014)
    Paris : OECD Publishing
    In:  Higher Education Management and Policy Vol. 24, no. 3, p. 7-36 | volume:24 | year:2014 | number:3 | pages:7-36
    Details
    Language: English
    Pages: 1 Online-Ressource (30 p.) , 16 x 23cm.
    Titel der Quelle: Higher Education Management and Policy
    Angaben zur Quelle: Vol. 24, no. 3, p. 7-36
    Angaben zur Quelle: volume:24
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:3
    Angaben zur Quelle: pages:7-36
    Keywords: Education
    Abstract: How higher education institutions are managed is one of the most decisive factors in achieving institutional goals. The key role that university governance plays in the improvement of education quality has been the focus of attention in MENA economies since 2009. In this article, the authors present the findings of a screening tool developed as a benchmarking exercise that assesses the extent to which universities in the MENA region are following governance practices aligned with their institutional goals and international trends, and monitors their progress over time. They present the results of testing the methodology of the screening tool in a sample of universities in Egypt, Morocco, the PalestinianAuthority and Tunisia comparing them across five dimensions: 1) context, mission and goals; 2) management orientation; 3) autonomy; 4) accountability; and 5) participation. The findings highlight vivid differences, especially notable in between private and public institutions.
    DOI: 10.1787/hemp-24-5jz8tqsdwplw
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  • 74
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    Uranium mining and production : A legal perspective on regulating an important resource (2014)
    Paris : OECD Publishing
    In:  Nuclear Law Bulletin Vol. 2013, no. 2, p. 9-27 | volume:2013 | year:2013 | number:2 | pages:9-27
    Details
    Language: English
    Pages: 1 Online-Ressource (19 p.) , 20 x 27cm.
    Parallel Title: Parallele Sprachausgabe Extraction et production d'uranium : le point de vue d'une juriste sur la réglementation d'une ressource importante
    Titel der Quelle: Nuclear Law Bulletin
    Angaben zur Quelle: Vol. 2013, no. 2, p. 9-27
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:9-27
    Keywords: Nuclear Energy
    Abstract: The importance of uranium can be examined from several perspectives. First, natural uranium is a strategic energy resource because it is a key ingredient for the generation of nuclear power and, therefore, it can affect the energy security of a state. Second, natural uranium is also a raw material in relative abundance throughout the world, which can, through certain steps, be transformed into nuclear explosive devices. Thus, there is both an interest in the trade of uranium resources and a need for their regulatory control. The importance of uranium to the worldwide civilian nuclear industry means that its extraction and processing – the so-called “front end” of the nuclear fuel cycle – is of regulatory interest. Like “ordinary” metal mining, which is generally regulated within a country, uranium mining must also be considered from the more particular perspective of regulation and control, as part of the international nuclear law regime that is applied to the entire nuclear fuel cycle.
    DOI: 10.1787/nuclear_law-2013-5jz742tm15f1
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  • 75
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    Intergovernmental organisation activities (2014)
    Paris : OECD Publishing
    In:  Nuclear Law Bulletin Vol. 2013, no. 2, p. 117-128 | volume:2013 | year:2013 | number:2 | pages:117-128
    Details
    Language: English
    Pages: 1 Online-Ressource (12 p.) , 20 x 27cm.
    Parallel Title: Parallele Sprachausgabe Activités des organisations intergouvernementales
    Titel der Quelle: Nuclear Law Bulletin
    Angaben zur Quelle: Vol. 2013, no. 2, p. 117-128
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:117-128
    Keywords: Nuclear Energy
    DOI: 10.1787/nuclear_law-2013-5jz742tlwn9p
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  • 76
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    Economic and fiscal management under the Democratic Party of Japan (DPJ) administration (2014)
    Paris : OECD Publishing
    In:  OECD Journal on Budgeting Vol. 14, no. 1, p. 9-33 | volume:14 | year:2014 | number:1 | pages:9-33
    Details
    Language: English
    Pages: 1 Online-Ressource (25 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal on Budgeting
    Angaben zur Quelle: Vol. 14, no. 1, p. 9-33
    Angaben zur Quelle: volume:14
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:9-33
    Keywords: Finance and Investment ; Governance
    Abstract: Japan experienced a major change of government in September 2009. It was a remarkable political event, because Japanese politics was dominated by the Liberal Democratic Party (LDP) in almost all the years following the end of World War ll. The new coalition government led by the Democratic Party of Japan (DPJ) tried to overhaul and restructure public administration and policy making in order to strengthen political leadership. In particular, they wanted to reform budgetary institutions as they fully recognised the LDP governments’ wasted public money that brought about huge fiscal deficits. They introduced new medium-term fiscal targets and planning, programme reviews, and tax expenditure report, and legislated laws to increase the rate of consumption tax from 5% to 10%. However their reforms were not successful as expected and ended in larger fiscal deficits. This paper analyses the economic and fiscal management of the DPJ Administration and why they couldn’t succeed in reforming budgetary institutions.
    DOI: 10.1787/budget-14-5jxv7kmxbkhf
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  • 77
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    Nuclear energy and Indian society : Public engagement, risk assessmentand legal frameworksThird annual meeting of the Nuclear Law Association of India (2014)
    Paris : OECD Publishing
    In:  Nuclear Law Bulletin Vol. 2014, no. 1, p. 63-87 | volume:2014 | year:2014 | number:1 | pages:63-87
    Details
    Language: English
    Pages: 1 Online-Ressource (25 p.) , 20 x 27cm.
    Titel der Quelle: Nuclear Law Bulletin
    Angaben zur Quelle: Vol. 2014, no. 1, p. 63-87
    Angaben zur Quelle: volume:2014
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:63-87
    Keywords: Nuclear Energy
    Abstract: The third annual meeting of the Nuclear Law Association, India (NLAI) was held on 1 March 2014 in New Delhi. This year’s overarching theme was “Nuclear energy and Indian society: Public engagement, risk assessment and legal frameworks”.
    DOI: 10.1787/nuclear_law-2014-5jrtpsj51pvc
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  • 78
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    News briefs (2014)
    Paris : OECD Publishing
    In:  Nuclear Law Bulletin Vol. 2013, no. 2, p. 211-214 | volume:2013 | year:2013 | number:2 | pages:211-214
    Details
    Language: English
    Pages: 1 Online-Ressource (4 p.) , 20 x 27cm.
    Parallel Title: Parallele Sprachausgabe Nouvelles Brèves
    Titel der Quelle: Nuclear Law Bulletin
    Angaben zur Quelle: Vol. 2013, no. 2, p. 211-214
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:211-214
    Keywords: Nuclear Energy
    DOI: 10.1787/nuclear_law-2013-5jz742tlspwh
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  • 79
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    Bank business models and the Basel system : Complexity and interconnectedness (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Financial Market Trends Vol. 2013, no. 2, p. 43-68 | volume:2013 | year:2013 | number:2 | pages:43-68
    Details
    Language: English
    Pages: 1 Online-Ressource (26 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Financial Market Trends
    Angaben zur Quelle: Vol. 2013, no. 2, p. 43-68
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:43-68
    Keywords: Finance and Investment
    Abstract: The main hallmarks of the global financial crisis were too-big-to-fail institutions taking on too much risk with other people’s money: excess leverage and default pressure resulting from contagion and counterparty risk. This paper looks at whether the Basel III agreement addresses these issues effectively. Basel III has some very useful elements, notably a (much too light “back-up”) leverage ratio, a capital buffer, a proposal to deal with pro-cyclicality through dynamic provisioning based on expected losses and liquidity and stable funding ratios. However, the paper shows that Basel risk weighting and the use of internal bank models for determining them leads to systematic regulatory arbitrage that undermines its effectiveness. Empirical evidence about the determinants of the riskiness of a bank (measured in this study by the Distance-to-Default) shows that a simple leverage ratio vastly outperforms the Basel Tier 1 ratio. Furthermore, business model features (after controlling for macro factors) have a huge impact. Derivatives origination, prime broking, etc., carry vastly different risks to core deposit banking. Where such differences are present, it makes little sense to have a one-size-fits-all approach to capital rules. Capital rules make more sense when fundamentally different businesses are separated. JEL classification: G01, G15, G18, G20, G21, G24, G28 Keywords: Financial crisis, Basel III, derivatives, bank business models, distance-todefault, structural bank separation, banking reform, GSIFI banks
    DOI: 10.1787/fmt-2013-5jzb2rhkd65b
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  • 80
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    Estimates of uncertainty around Australian budget forecasts (2014)
    Paris : OECD Publishing
    In:  OECD Journal on Budgeting Vol. 13, no. 3, p. 1-19 | volume:13 | year:2014 | number:3 | pages:1-19
    Details
    Language: English
    Pages: 1 Online-Ressource (19 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal on Budgeting
    Angaben zur Quelle: Vol. 13, no. 3, p. 1-19
    Angaben zur Quelle: volume:13
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:3
    Angaben zur Quelle: pages:1-19
    Keywords: Finance and Investment ; Governance
    Abstract: In this article, past forecast errors are used to construct confidence intervals around Australian Government Budget forecasts of key economic and fiscal variables. These confidence intervals provide an indication of the extent of uncertainty around the point estimate forecasts presented in the Budget. JEL classification numbers: E17, H68. Keywords: Confidence intervals, forecast errors, government budget, nominal GDP, real GDP, treasury, uncertainty.
    DOI: 10.1787/budget-13-5jxvd4xlns7j
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  • 81
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    Progress towards a global nuclear liability regime (2014)
    Paris : OECD Publishing
    In:  Nuclear Law Bulletin Vol. 2014, no. 1, p. 9-23 | volume:2014 | year:2014 | number:1 | pages:9-23
    Details
    Language: English
    Pages: 1 Online-Ressource (15 p.) , 20 x 27cm.
    Titel der Quelle: Nuclear Law Bulletin
    Angaben zur Quelle: Vol. 2014, no. 1, p. 9-23
    Angaben zur Quelle: volume:2014
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:9-23
    Keywords: Nuclear Energy
    Abstract: During its April 2014 meeting, the Steering Committee for Nuclear Energy held a policy debate on “Progress towards a Global Nuclear Liability Regime”. The Steering Committee heard presentations from several experts on nuclear liability issues. To prepare the delegates to the Steering Committee for the policy debate, the NEA Secretariat prepared a background note on the status of the nuclear liability regimes, as well as on current issues and challenges in implementing the regimes. This article is based on the background note and is intended to provide basic information on the relevant international conventions and an overview of recent developments to enhance the understanding of the legal framework in which policymakers and practitioners are engaging to respond to the call for broader adherence to the international liability instruments.
    DOI: 10.1787/nuclear_law-2014-5jrtpsj53hxr
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  • 82
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    Accords multilatéraux (2014)
    Paris : OECD Publishing
    In:  Bulletin de droit nucléaire Vol. 2013, no. 2, p. 149-174 | volume:2013 | year:2013 | number:2 | pages:149-174
    Details
    Language: French
    Pages: 1 Online-Ressource (26 p.) , 20 x 27cm.
    Parallel Title: Parallele Sprachausgabe Multilateral agreements
    Titel der Quelle: Bulletin de droit nucléaire
    Angaben zur Quelle: Vol. 2013, no. 2, p. 149-174
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:149-174
    Keywords: Nuclear Energy
    Abstract: Fédération de Russie Loi Fédérale n° 170 du 21 novembre 1995 sur l’utilisation de l’énergie atomique Uruguay Loi n° 19 056 relative à la protection et à la sécurité radiologique des personnes, des biens et de l’environnement Japon Troisième supplément aux lignes directrices provisoires concernant l’évaluation de l’ampleur des dommages nucléaires résultant de l’accident survenu dans les centrales nucléaires de Fukushima Daiichi et Daini de Tokyo Electric Power Company, Incorporated (se rapportant à l’indemnisation des dommages induits par les rumeurs infondées dans les secteurs de l'agriculture, de la sylviculture, de la pêche et de l’agroalimentaire) France et États-Unis Déclaration conjointe sur la responsabilité civile en matière de dommages nucléaires Déclaration franco-russe dans le secteur électronucléaire
    DOI: 10.1787/nuclear_law-2013-5jxx5mvr0dhl
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  • 83
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    Problems in the international financial system (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Financial Market Trends Vol. 2014, no. 1, p. 99-121 | volume:2014 | year:2014 | number:1 | pages:99-121
    Details
    Language: English
    Pages: 1 Online-Ressource (23 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Financial Market Trends
    Angaben zur Quelle: Vol. 2014, no. 1, p. 99-121
    Angaben zur Quelle: volume:2014
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:99-121
    Keywords: Finance and Investment
    Abstract: Since the 1980s OECD investment-saving correlations – as an inverse measure of economic openness – indicate a very wide disparity of openness between the OECD and emerging market economies (EMEs) with an absence of open markets in the latter. Given the increasing weight of EMEs in the world economy this pattern of growth with disparity of openness is ultimately unsustainable. This approach to development is not in the interests of EMEs in the post-crisis global environment. Various studies show how the absence of capital mobility inhibits development though private sector capital expenditure at the firm level. This paper generalises those findings in a panel study, showing that in the period since 2008 the increased presence of capital controls is associated with highly significant negative effects on business investment. It suggests that the world economy could be entering a more dangerous phase of potential instability that is not in the interests of either the advanced or the emerging world. There is scope for better policies to encourage more openness; the OECD Codes of Liberalisation could be an effective tool for managing the reform process.
    DOI: 10.1787/fmt-2014-5jxzmkg91s0t
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  • 84
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    Extraction et production d'uranium : le point de vue d'une juriste sur la réglementation d'une ressource importante (2014)
    Paris : OECD Publishing
    In:  Bulletin de droit nucléaire Vol. 2013, no. 2, p. 9-28 | volume:2013 | year:2013 | number:2 | pages:9-28
    Details
    Language: French
    Pages: 1 Online-Ressource (20 p.) , 20 x 27cm.
    Parallel Title: Parallele Sprachausgabe Uranium mining and production: A legal perspective on regulating an important resource
    Titel der Quelle: Bulletin de droit nucléaire
    Angaben zur Quelle: Vol. 2013, no. 2, p. 9-28
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:9-28
    Keywords: Nuclear Energy
    Abstract: L’uranium est important à plusieurs titres. Premièrement, à l’état naturel c’est une ressource énergétique stratégique puisqu’essentielle à la production d’électricité nucléaire et qui peut, par conséquent, influer sur la sécurité énergétique d’un État. Deuxièmement, c’est aussi une matière première assez abondante sur la surface de la planète qui, par diverses opérations, peut être transformée en un engin nucléaire explosif. C’est pourquoi il est à la fois intéressant d’en faire le commerce et nécessaire de réglementer son extraction et son traitement – ce que l’on appelle l’« amont du cycle » du combustible nucléaire. Or si l’extraction de tout métal « ordinaire » est réglementée à l’échelle nationale, dans le cas de l’uranium, la réglementation et le contrôle s’inscrivent également dans un régime international de droit nucléaire qui s’applique d’ailleurs à l’intégralité du cycle du combustible nucléaire.
    DOI: 10.1787/nuclear_law-2013-5jxx5mvr68zq
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  • 85
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    Jurisprudence (2014)
    Paris : OECD Publishing
    In:  Bulletin de droit nucléaire Vol. 2013, no. 2, p. 105-112 | volume:2013 | year:2013 | number:2 | pages:105-112
    Details
    Language: French
    Pages: 1 Online-Ressource (8 p.) , 20 x 27cm.
    Parallel Title: Parallele Sprachausgabe Case law
    Titel der Quelle: Bulletin de droit nucléaire
    Angaben zur Quelle: Vol. 2013, no. 2, p. 105-112
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:105-112
    Keywords: Nuclear Energy
    Abstract: États-Unis Arrêt de la cour d’appel fédérale pour le circuit du district de Columbia ordonnant à la NRC de reprendre la procédure d’autorisation du site de Yucca Mountain Arrêt de la cour d’appel fédérale du second circuit invalidant deux lois du Vermont supplantées par la loi sur l’énergie atomique Décision de la NRC relative au transfert à l’État du New Jersey de la compétence sur le site de Shieldalloy France Conseil d’État, 28 juin 2013, Refus de suspension du fonctionnement de la centrale de Fessenheim République slovaque Évolutions récentes, et décision de la Cour suprême, concernant la plainte de Greenpeace Slovaquie relative à la centrale nucléaire de Mochovce Évolutions récentes dans l’affaire concernant les demandes d’information formées par Greenpeace au titre de la loi sur la liberté de l’information Suisse Arrêt du Tribunal fédéral (TF) du 14 mai 2013 dans la cause Département fédéral de l'environnement, des transports, de l'énergie et de la communication (DETEC) contre Ursula Balmer-Schafroth et consorts
    DOI: 10.1787/nuclear_law-2013-5jxx5mvr3x0s
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    Rescuing the Phillips curve : Making use of long-term unemployment in the measurement of the NAIRU (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Economic Studies Vol. 2014, no. 1, p. 109-127 | volume:2014 | year:2014 | number:1 | pages:109-127
    Details
    Language: English
    Pages: 1 Online-Ressource (19 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Economic Studies
    Angaben zur Quelle: Vol. 2014, no. 1, p. 109-127
    Angaben zur Quelle: volume:2014
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:109-127
    Keywords: Economics
    Abstract: Despite the increased importance of cyclically-adjusted measures of labour market slack for policymaking, estimates of the NAIRU have become increasingly fragile. Particularly for euro area countries, NAIRU estimates represent a crucial input to compute cyclically-adjusted budget balances adopted to formulate medium-term fiscal objectives under the EU fiscal surveillance framework. However, the apparent reduced sensitivity of inflation to labour market dynamics and unemployment gaps seriously undermines the use of Phillips curve equations in estimating the NAIRU. Estimates of the NAIRU are particularly problematic when changes in unemployment are both very large and rapid as in the aftermath of the global crisis. This paper proposes a refinement to the standard OECD approach of using a Kalman filter to estimate the NAIRU in the context of the Phillips curve. The proposed refinement strengthens the relationship between inflation and labour market developments by considering the risk of hysteresis effects associated with changes in long-term unemployment. Testing the revised methodology on a broad selection of OECD countries gives mixed results. For a group of countries in the euro area periphery (Greece, Ireland, Italy, Portugal and Spain) there is an increase in the magnitude and statistical significance of the unemployment gap, with the NAIRU revised upward by on average 1¾ percentage points. However, the revised methodology provides less improvement to the standard OECD methodology for a second set of countries considered, namely the G7 excluding Italy. The United States is an interesting intermediate case as the statistical evidence for the proposed methodology is marginal, but the policy implications of the revised point estimate of the NAIRU are major. JEL classification: C32, E24, E31, E32, J64. Keywords: Long-term unemployment, flattening Phillips curve, NAIRU, euro area periphery, Kalman filter.
    DOI: 10.1787/eco_studies-2014-5jxrcm2cdff6
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  • 87
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    The future of health and long-term care spending (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Economic Studies Vol. 2014, no. 1, p. 61-96 | volume:2014 | year:2014 | number:1 | pages:61-96
    Details
    Language: English
    Pages: 1 Online-Ressource (36 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Economic Studies
    Angaben zur Quelle: Vol. 2014, no. 1, p. 61-96
    Angaben zur Quelle: volume:2014
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:61-96
    Keywords: Economics
    Abstract: This paper proposes a new set of public health and long-term care expenditure projections until 2060, following up on the previous set of projections published in 2006. It disentangles health from long-term care expenditure as well as the demographic from the non-demographic drivers, and refines the previous methodology, in particular by better identifying the underlying determinants of health and long-term care spending and by extending the country coverage to include BRIICS countries. A cost-containment and a cost-pressure scenario are provided together with sensitivity analysis. On average across OECD countries, total health and long-term care expenditure is projected to increase by 3.3 and 7.7 percentage points of GDP between 2010 and 2060 in the cost-containment and the cost-pressure scenarios, respectively. For the BRIICS over the same period, it is projected to increase by 2.8 and 7.3 percentage points of GDP in the costcontainment and the cost-pressure scenarios, respectively.
    DOI: 10.1787/eco_studies-2014-5jz0v44s66nw
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    The challenge of budgeting for healthcare programmes (2014)
    Paris : OECD Publishing
    In:  OECD Journal on Budgeting Vol. 14, no. 1, p. 73-107 | volume:14 | year:2014 | number:1 | pages:73-107
    Details
    Language: English
    Pages: 1 Online-Ressource (35 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal on Budgeting
    Angaben zur Quelle: Vol. 14, no. 1, p. 73-107
    Angaben zur Quelle: volume:14
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:73-107
    Keywords: Finance and Investment ; Governance
    Abstract: The OECD has created a Joint Network on Fiscal Sustainability of Health Systems. This article, developed as input to that project, seeks to summarise both why budgeting for healthcare is particularly challenging and why the challenge is often misunderstood. I argue that sustainability is a political, not fiscal, issue; that common explanations of increased spending, such as “ageing” and “technology”, are either inaccurate or unhelpful; and that the nature of public support for healthcare means that standard budgetary worldviews may not be appropriate in a representative system. For example, both a focus on “fiscal space” and distrust of dedicated revenues may be contrary to budgetary values of both representation and balance. I offer explanations of why demand for healthcare spending both is peculiarly intense and tends to expand because notions of “necessary” care expand. Budget-making is made more difficult by a uniquely confusing proliferation of ideas about how to control spending, many of which are supported more by disciplinary biases than by hard evidence. I conclude by considering the impact of two structural features: whether services are delivered by a bureau or as an entitlement, and whether it is funded by dedicated revenues. The challenges can be met, but hardheaded and sceptical budget analysis is especially important. JEL classification: H51, H6, E62, H2, I1, J11, O33, P16, Z18 Keywords: Budgeting, healthcare spending, ageing society, Baumol’s disease, dedicated revenues, efficiency, entitlements, redistribution, technology, unsustainability
    DOI: 10.1787/budget-14-5jxst2mfm923
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  • 89
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    Reconciling fiscal consolidation with growth and equity (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Economic Studies Vol. 2013, no. 1, p. 7-89 | volume:2013 | year:2013 | number:1 | pages:7-89
    Details
    Language: English
    Pages: 1 Online-Ressource (83 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Economic Studies
    Angaben zur Quelle: Vol. 2013, no. 1, p. 7-89
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:7-89
    Keywords: Economics
    Abstract: Despite sustained efforts made in recent years to rein in budget deficits, a majority of OECD countries still face substantial public finance consolidation needs. While essential to avoid the disruption and large costs ultimately associated with unsustainable public finances, fiscal consolidation complicates the task of achieving other policy goals. In most cases, it weighs on demand in the short term. And, if too little attention is paid to the mix of instruments used to achieve consolidation, it can undermine long-term growth, exacerbate income inequality and slow the process of global rebalancing. It is therefore important for governments to adopt consolidation strategies that minimise these adverse side-effects. The analysis proposes consolidation strategies that take into account other policy goals as well as country-specific circumstances and preferences. To do so, increases in particular taxes and cuts in specific spending areas are assessed for their effects on short- and long-term growth, income distribution and external accounts. The results of detailed illustrative simulations indicate that a significant number of OECD countries may have to raise harmful taxes or cut valuable spending areas to deliver sufficient consolidation, underscoring the need for structural reforms to counteract these side-effects. The results are robust to an extensive range of sensitivity checks.
    DOI: 10.1787/eco_studies-2013-5jzb44vzbkhd
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  • 90
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    Capital controls on inflows, the global financial crisis and economic growth : Evidence for emerging economies (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Financial Market Trends Vol. 2013, no. 2, p. 29-42 | volume:2013 | year:2013 | number:2 | pages:29-42
    Details
    Language: English
    Pages: 1 Online-Ressource (14 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Financial Market Trends
    Angaben zur Quelle: Vol. 2013, no. 2, p. 29-42
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:29-42
    Keywords: Finance and Investment
    Abstract: The results of an IMF study on controls on capital inflows in emerging economies, using a probit regression approach, are first replicated and tested for stability. The IMF results, downplayed by the authors, have been used by others to suggest controls can be helpful in a crisis situation. However, the stability findings suggest the results are not sufficiently robust to make strong claims in this regard. The same 37 countries and the IMF capital control measures are then used in a panel regression study to examine the impact of capital inflows on annual real GDP growth around the Global Financial Crisis. The results between the pre-crisis and the crisis periods are inconsistent with the IMF study – finding that capital restrictions on inflows (particularly debt liabilities) are most useful in good times when inflows to emerging markets are strong and upward pressure on managed exchange rates and reserves accumulation is greatest. However, lower controls on bonds and on FDI inflows seem to be associated with better growth outcomes during the crisis period studied. These findings are more consistent with studies that see capital controls as part of exchange rate targeting policies and concerns about excess reserves accumulation. JEL Classification: C23, C25, F21, F43, G01 Keywords: Capital controls, economic growth, emerging economies, financial crisis
    DOI: 10.1787/fmt-2013-5jzb2rhkgthc
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  • 91
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    The Swedish pension system after twenty years : Mid-course corrections and lessons (2014)
    Paris : OECD Publishing
    In:  OECD Journal on Budgeting Vol. 13, no. 3, p. 1-26 | volume:13 | year:2014 | number:3 | pages:1-26
    Details
    Language: English
    Pages: 1 Online-Ressource (26 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal on Budgeting
    Angaben zur Quelle: Vol. 13, no. 3, p. 1-26
    Angaben zur Quelle: volume:13
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:3
    Angaben zur Quelle: pages:1-26
    Keywords: Finance and Investment ; Governance ; Sweden
    Abstract: Elements of the Swedish pension reform enacted in the 1990s have served as a model for reform initiatives in a number of other countries. Sweden’s experience suggests that a Notional Defined Contribution (NDC) pension reform can be sustained in a supportive political environment, but it has not been immune to electoral pressures to prevent visible cuts in pension benefits. Moreover, efforts to lengthen working lives have encountered major barriers both in the way that the state pension system is perceived and in the structure of the occupational pension system. Design of Sweden’s individual account tier has major successes in lowering administrative costs and in providing information across sources of retirement income, but efforts to increase active engagement in selecting retirement savings portfolios have faltered. Sweden has modified its new pension system in several ways over the past decade to address perceived problems and political concerns, and debates are now arising on a “Pension Reform 2.0” package of more comprehensive changes. JEL classification: H5, H55. Keywords: Pension reform, pension system, income contribution, retirement, stabilising mechanisms.
    DOI: 10.1787/budget-13-5jxx3sx58x9t
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  • 92
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    Choosing the pace of fiscal consolidation (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Economic Studies Vol. 2013, no. 1, p. 91-119 | volume:2013 | year:2013 | number:1 | pages:91-119
    Details
    Language: English
    Pages: 1 Online-Ressource (29 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Economic Studies
    Angaben zur Quelle: Vol. 2013, no. 1, p. 91-119
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:91-119
    Keywords: Economics
    Abstract: In many OECD countries debt has soared to levels threatening fiscal sustainability, necessitating its reduction over the medium to longer term. This paper proposes a stylised model, featuring endogenous interactions between fiscal policy, growth and financial markets, to highlight how economic shocks and structural features of an economy can affect consolidation strategy and resulting growth and inflation developments. The fiscal authorities are assumed to choose a consolidation path from a predetermined set of possible paths by maximising cumulative GDP growth and minimising cumulative squared output gaps, with the objective to reach a given debtto- GDP level within a finite horizon and stabilise debt afterwards under the assumption of the unchanged fiscal policy stance. Illustrative simulations for a hypothetical economy show, among other things, that by requiring debt to stabilise part of the initial adjustment can be reversed; some stepping up of the fiscal adjustment can be optimal if bond yields increase due to an exogenous shock; and for some debt reduction targets, high fiscal multipliers, hysteresis effects and higher government bond yields imply protracted deflation and large negative output gaps, stressing the need to select reasonable fiscal targets consistent with market conditions. JEL classification: E61, E62, H6 Keywords: Fiscal consolidation, sovereign debt, government budget balance, fiscal rules
    DOI: 10.1787/eco_studies-2013-5k3tq96mbr44
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  • 93
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    Japan's challenging debt dynamics (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Economic Studies Vol. 2014, no. 1, p. 97-108 | volume:2014 | year:2014 | number:1 | pages:97-108
    Details
    Language: English
    Pages: 1 Online-Ressource (12 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Economic Studies
    Angaben zur Quelle: Vol. 2014, no. 1, p. 97-108
    Angaben zur Quelle: volume:2014
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:97-108
    Keywords: Economics ; Japan
    Abstract: A small simulation model is used to evaluate the contribution that the three arrows of the government’s strategy – bold monetary policy to achieve higher inflation, flexible fiscal policy and growth-boosting structural reforms – could make to reversing the rise in Japan’s public debt ratio, currently about 230% of GDP. The findings indicate that with fiscal consolidation amounting to around 7½ percentage points of GDP by 2020, modestly higher growth coming from increased female labour force participation and higher productivity growth, as well as inflation gradually rising to 2% thanks to unconventional monetary policy measures, the debt ratio could be put on a downward trajectory by the end of this decade, although it is likely to remain above 200% of GDP in 2035. Among the many uncertainties surrounding this scenario, the risk of a larger-than-projected increase in interest rates stands prominently and could prevent the turnaround in debt dynamics. JEL classification codes: E63; H68. Keywords: Japan; debt; deficit; fiscal; budget; projection; simulation; arrow; consolidation; growth; inflation; reform.
    DOI: 10.1787/eco_studies-2014-5jxvbssqsvmv
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  • 94
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    Multilateral agreements (2014)
    Paris : OECD Publishing
    In:  Nuclear Law Bulletin Vol. 2013, no. 2, p. 129-151 | volume:2013 | year:2013 | number:2 | pages:129-151
    Details
    Language: English
    Pages: 1 Online-Ressource (58 p.) , 20 x 27cm.
    Parallel Title: Parallele Sprachausgabe Accords multilatéraux
    Titel der Quelle: Nuclear Law Bulletin
    Angaben zur Quelle: Vol. 2013, no. 2, p. 129-151
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:129-151
    Keywords: Nuclear Energy
    DOI: 10.1787/nuclear_law-2013-5jz742tlvlkf
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  • 95
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    Nouvelles Brèves (2014)
    Paris : OECD Publishing
    In:  Bulletin de droit nucléaire Vol. 2013, no. 2, p. 239-242 | volume:2013 | year:2013 | number:2 | pages:239-242
    Details
    Language: French
    Pages: 1 Online-Ressource (4 p.) , 20 x 27cm.
    Parallel Title: Parallele Sprachausgabe News briefs
    Titel der Quelle: Bulletin de droit nucléaire
    Angaben zur Quelle: Vol. 2013, no. 2, p. 239-242
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:2
    Angaben zur Quelle: pages:239-242
    Keywords: Nuclear Energy
    DOI: 10.1787/nuclear_law-2013-5jxx5mvqf4mt
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  • 96
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    Non-bank debt financing for SMEs : The role of securitisation, private placements and bonds (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Financial Market Trends Vol. 2014, no. 1, p. 139-162 | volume:2014 | year:2014 | number:1 | pages:139-162
    Details
    Language: English
    Pages: 1 Online-Ressource (24 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Financial Market Trends
    Angaben zur Quelle: Vol. 2014, no. 1, p. 139-162
    Angaben zur Quelle: volume:2014
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:139-162
    Keywords: Finance and Investment
    Abstract: Reducing bank dependence in financing small-and medium-sized enterprises (SMEs) that are key contributors to economic growth and job creation should help making them more resilient to financial shocks. Various non-bank debt financing alternatives are available and were the focus of a Roundtable discussion that this article draws on. Revitalising securitisation, tarnished during the crisis, is important, by making it safer, simpler and more transparent, and perhaps also by offering some (initial) government and regulatory support. Similarly, covered bonds can be attractive instruments for SME finance. For mid-sized companies, bond issuance and private placements may also provide useful alternatives. All these instruments can and should be tailored to fit the investors’ needs. There is no “silver bullet” for SME finance which is exceptionally complex due to the diversity of SMEs themselves. Data transparency, standardisation, regulatory support and raising awareness about available financing options should be among the issues to be addressed. JEL classification: G1, G2, G23, G28 Keywords: SME finance, non-bank finance, (high-quality) securitisation, asset-backed securities (ABS), SME CLO (collateralised loan obligation), (covered) bonds, private placements, European DataWarehouse, Prime Collateralised Securities (PCS) initiative.
    DOI: 10.1787/fmt-2014-5jxx05svvw34
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  • 97
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    The Convention on Supplementary Compensation for Nuclear Damage andparticipation by developing countries : A South African perspective (2014)
    Paris : OECD Publishing
    In:  Nuclear Law Bulletin Vol. 2014, no. 1, p. 25-42 | volume:2014 | year:2014 | number:1 | pages:25-42
    Details
    Language: English
    Pages: 1 Online-Ressource (18 p.) , 20 x 27cm.
    Titel der Quelle: Nuclear Law Bulletin
    Angaben zur Quelle: Vol. 2014, no. 1, p. 25-42
    Angaben zur Quelle: volume:2014
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:25-42
    Keywords: Nuclear Energy
    Abstract: Nuclear energy plays a major role in the provision of baseload1 power in countries throughout the world. It provides a clean, safe, economical and reliable source of power that is essential to the development of any economy, and particularly the economies of developing countries that have traditionally relied on whatever sources of power are at their disposal, irrespective of the disadvantages that some of these sources may carry. Whilst the worldwide debate on climate change continues, it is clear that nuclear energy has a distinct advantage due to its lack of carbon dioxide and other greenhouse gas emissions that are inherent in fossil-fired power plants.
    DOI: 10.1787/nuclear_law-2014-5jrtpsj3tgg3
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  • 98
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    Using a quasi-natural experiment to identify the effects of birth-related leave policies on subjective well-being in Europe (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Economic Studies Vol. 2013, no. 1, p. 235-268 | volume:2013 | year:2013 | number:1 | pages:235-268
    Details
    Language: English
    Pages: 1 Online-Ressource (34 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Economic Studies
    Angaben zur Quelle: Vol. 2013, no. 1, p. 235-268
    Angaben zur Quelle: volume:2013
    Angaben zur Quelle: year:2013
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:235-268
    Keywords: Economics
    Abstract: The purpose of this paper is to examine the welfare effects of birth-related leave (BRL) in terms of life satisfaction. To do so, we exploit variations in BRL policies to assess their impact on life satisfaction. The paper adds to the existing literature in various ways. First, it uses new data collected by Baldi et al. (2011) and Baldi and Chapple (2010) to describe how life satisfaction moves around the date of the reforms over time and in a number of EU countries covered in the Eurobarometer surveys. Second, the paper analyses the relation between life satisfaction and BRL in Germany and the United Kingdom with long individual panel data collected with the GSOEP and the BHPS survey. The potential endogeneity bias of the treatment effect is addressed by building a quasi-natural experiment using policy changes as the assignment rule. The results from a variety of different methods suggest that BRL polices generally have a significant positive effect on life satisfaction. Women on BRL have higher life satisfaction, controlling for observable and unobservable personal characteristics. This result is robust to alternative specifications. JEL classification: H53, I16, J38 Keywords: Welfare, subjective well-being, difference-in-difference, birth-related leaves
    DOI: 10.1787/eco_studies-2013-5k3tvtg6fvmq
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  • 99
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    Lessons from OECD forecasts during and after the financial crisis (2014)
    Paris : OECD Publishing
    In:  OECD Journal: Economic Studies Vol. 2014, no. 1, p. 9-39 | volume:2014 | year:2014 | number:1 | pages:9-39
    Details
    Language: English
    Pages: 1 Online-Ressource (31 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Economic Studies
    Angaben zur Quelle: Vol. 2014, no. 1, p. 9-39
    Angaben zur Quelle: volume:2014
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:9-39
    Keywords: Economics
    Abstract: This paper assesses the OECD’s projections for GDP growth and inflation during the global financial crisis and recovery, focusing on lessons that can be learned. Growth was repeatedly overestimated in the projections, which failed to anticipate the extent of the slowdown and later the weak pace of the recovery. Similar errors were made by many other forecasters. At the same time, inflation was stronger than expected on average. Analysis of the growth errors shows that the OECD projections in the crisis years were larger in countries with more international trade openness and greater presence of foreign banks. In the recovery, there is little evidence that an underestimate of the impact of fiscal consolidation contributed significantly to forecast errors. Instead, the repeated conditioning assumption that the euro area crisis would stabilise or ease played an important role, with growth weaker than projected in European countries where bond spreads were higher than had been assumed. But placing these errors in a historical context illustrates that the errors were not without precedent: similar-sized errors were made in the first oil price shock of the 1970s. In response to the challenges encountered in forecasting in recent years and the lessons learnt, the OECD and other international organisations have sought to improve their forecasting techniques and procedures, to improve their ability to monitor near-term developments and to better account for international linkages and financial market developments. JEL classification: E17, E27, E32, E37, E62, E66, F47, G01 Keywords: Forecasting, economic outlook, economic fluctuations, fiscal policy
    DOI: 10.1787/eco_studies-2014-5jxrcm2glc7j
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  • 100
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    News briefs (2014)
    Paris : OECD Publishing
    In:  Nuclear Law Bulletin Vol. 2014, no. 1, p. 123-125 | volume:2014 | year:2014 | number:1 | pages:123-125
    Details
    Language: English
    Pages: 1 Online-Ressource (3 p.) , 20 x 27cm.
    Titel der Quelle: Nuclear Law Bulletin
    Angaben zur Quelle: Vol. 2014, no. 1, p. 123-125
    Angaben zur Quelle: volume:2014
    Angaben zur Quelle: year:2014
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:123-125
    Keywords: Nuclear Energy
    Abstract: The European Commission organised on 29 October 2013 a meeting in Luxembourg with participation of EU neighbouring countries that had not been fully involved in the European stress tests (Armenia, Belarus and Turkey), as well as from the European Nuclear Safety Regulators Group. The Russian Federation was also invited but declined participation. The meeting provided a good opportunity to present and discuss the status of the stress tests already performed or planned in these countries with existing nuclear power plants such as Armenia or for those like Belarus and Turkey that are planning new nuclear projects.
    DOI: 10.1787/nuclear_law-2014-5jrtpsj4rc9s
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